Bengaluru: In a major move to further strengthen Karnataka’s industrial and economic landscape, the State High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, has approved investment proposals worth Rs 10,144.31 crore during its 64th meeting, attended by state ministers and other officials.
The projects are expected to create nearly 6,000 jobs across the state, reflecting Karnataka’s growing prominence as a hub for industrial innovation and economic development.
Among the key projects, a Rs 3,425 crore investment in the semiconductor sector was approved for the electronic manufacturing cluster in Kochanahalli, Mysuru district. This investment is poised to reinforce Karnataka’s leadership in electronics and semiconductor manufacturing, a sector critical to the state’s economic growth and technological advancements.
In addition, a Rs 2,150 crore investment has been sanctioned for the Harohalli Industrial Area in the Ramnagara district. The project will focus on manufacturing precision-engineered components for EVs, non-EV vehicles, and non-automotive sectors, including defence, aerospace, industrial, and agriculture.
Another significant approval includes the establishment of a new data center in Bengaluru’s High-Tech, Defence, and Aerospace Park, aimed at bolstering Karnataka’s digital and technology infrastructure.
Beyond Bengaluru, projects in Ballari, Dharwad, Kalaburagi, and Vijayanagara districts received the green light, ensuring the benefits of industrial progress reach all corners of the state. These investments reflect the government’s commitment to bridging regional disparities and promoting inclusive economic growth.
Speaking about the approvals, Priyank M Kharge, Minister for Electronics, IT, BT, and Rural Development, emphasized the government’s dedication to transformative growth. “Our government remains steadfast in our commitment to driving transformative growth by enabling swift decisions that bridge regional disparities and create meaningful opportunities for all,” he stated in a social media post.
The approved projects reaffirm Karnataka’s position as a leading destination for industrial investments and its vision of balanced regional development.
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