The Karnataka Government has greenlit investment proposals worth an estimated 17,183 INR-Crore, paving the way for significant industrial development. These initiatives, approved on Wednesday, May 28, are set to create approximately 12,500 jobs across the state.
The 65th State High-Level Clearance Committee (SHLCC) approved investment proposals totaling around 15,441 INR-Crore. These projects will generate 5,277 jobs. Meanwhile, the State-Level Single Window Clearance Committee (SLSWCC) cleared investment proposals worth 1,741.6 INR-Crore, expected to create 7,219 jobs.
The SHLCC approved four major investment proposals amounting to 13,921 INR-Crore. Emmvee Energy Pvt Ltd will invest 5,495 INR-Crore, creating 2,508 jobs. Dalmia Cement (Bharat) Ltd secured approval for two projects in Belagavi and Kalaburagi, worth an estimated 6,020 INR-Crore combined, generating 1,140 jobs. Additionally, Shree Cement Ltd’s 2,406 INR-Crore project will add 300 jobs. Furthermore, Bosch Automotive Electronics India Pvt Ltd and Colortone Textiles Pvt Ltd received approvals for projects worth 1,520.17 INR-Crore, creating 1,329 jobs collectively.
Also Read: Industrialization in Odisha: State approves 26 projects worth INR 5,992 Crore
The SLSWCC cleared 63 smaller investment proposals. Notable projects include
- Provit Foods Pvt Ltd’s 125.88 INR-Crore feed plant in Dakshina Kannada, creating 308 jobs.
- VK Building Services Pvt Ltd’s 97.5 INR-Crore prefabricated modular unit in Bengaluru Rural, employing 200 people.
- TTP Technologies Pvt Ltd and HYCOM Engineering (India) Pvt Ltd will invest 167.2 INR-Crore combined, generating 1,100 jobs.
These investment proposals mark a significant step for the construction and industrial sectors in Karnataka. The projects promise economic growth and job creation, strengthening the state’s industrial landscape.
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