The Karnataka Government has approved investment proposals worth an estimated 27,607 INR-Crore, creating around 8,704 direct jobs across the state. At the 66th meeting of the State High-Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah, 11 new projects and 2 expansion projects were cleared. This move shows the state’s focus on industrial growth and highlights the increasing momentum in Karnataka investment.
New Investment Proposals (27,228.51 INR-Crore):
- SFX India Mfg Private Limited: 9,298 INR-Crore, 806 jobs
- JSW JFE Electrical Steel Private Limited: 7,102 INR-Crore, 900 jobs
- Reliance Consumer Products Limited: 1,622 INR-Crore, 1,200 jobs
- Schneider Electric IT Business India Private Limited: 1,520.75 INR-Crore, 550 jobs
- Grasim Industries Limited: 1,386 INR-Crore, 203 jobs
- Toyota Industries Engine India Private Limited: 1,330 INR-Crore, 550 jobs
- JSW Steel Limited: 1,300.57 INR-Crore, 271 jobs
- Vayu Assets Private Limited: 1,251 INR-Crore, 1,912 jobs
- QPIAI India Private Limited: 1,136 INR-Crore, 200 jobs
- HSS Textile Private Limited: 740 INR-Crore, 800 jobs
- Tejas Networks: 542.19 INR-Crore, 1,312 jobs
Also Read: Shyam Metalics plans INR 450 Crore investment to set up aluminium project in Odisha
Expansion Projects (378.75 INR-Crore):
- Balaji Wafers Private Limited: 298.75 INR-Crore
- Embassy Industrial Park: 80 INR-Crore
With these approvals, Karnataka proposals will see a strong boost in industrial development. Moreover, the projects will create high-value jobs and support local economies. They are designed to promote sustainable growth and strengthen the state as a hub for business and innovation. This new wave of Karnataka investment is expected to accelerate economic progress across the region.
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