The Government of Karnataka cleared investment proposals worth an estimated 18,430 INR-Crore to boost industrial growth. The approvals were granted on Monday, April 13, by the State High-Level Clearance Committee. The proposals span multiple sectors including manufacturing, renewable energy, aerospace, and data centers. The investments will generate around 15,032 jobs across the state.
Among the major approvals, Volvo Group India Private Limited will invest 1,500 INR-Crore in an automobile project in Bengaluru Rural. River Mobility Private Limited will invest 1,028 INR-Crore in an electric mobility project in Kolar. Genx PV India Pvt Ltd will set up a 1,000 INR-Crore solar manufacturing unit in Chikkaballapura. In aerospace, Aerostructures Manufacturing India Private Limited will invest 1,356 INR-Crore in Belagavi, while PMI Technology India Private Limited will invest 1,000 INR-Crore in Bengaluru.
In pharmaceuticals, Sai Life Sciences Limited will invest 900 INR-Crore in Bidar and OneSource Specialty Pharma Limited will invest 700 INR-Crore in Bengaluru Rural. M11 Energy Transition Private Limited will develop a 1,600 INR-Crore aviation fuel project in Dakshina Kannada. In metals, JSW Vijayanagar Metallics Limited will invest 4,600 INR-Crore in Ballari.
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Additionally, six expansion projects worth 3,523 INR-Crore were approved. These include Wipro Global Engineering and Electronic Materials Private Limited investing 1,397 INR-Crore in semiconductors in Bengaluru Rural, Poddar Plumbing Systems Private Limited investing 266 INR-Crore in Kolar, and Colortone Textiles Private Limited investing 355 INR-Crore in Chamarajanagar. Further, Goodrich Aerospace Services Private Limited will invest 141.50 INR-Crore in Bengaluru, while MSPL Limited and Indian Cane Power Ltd will undertake expansions in Ballari and Bagalkote.
The Karnataka investment proposals will strengthen the state’s industrial ecosystem. Additionally, they will support job creation and regional economic development. The approvals also reinforce Karnataka’s position as a key destination for multi-sector investments in India.
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