Overview of Approved Projects

The Karnataka government has approved nine industrial projects during the 64th State High Level Clearance Committee (SHLCC) meeting, chaired by Chief Minister Siddaramaiah. These projects, with a total investment of ₹9,823.31 crore, are set to create 5,605 jobs across various sectors.

Highlights of New Investments

The three new projects reflect Karnataka’s growing appeal as a hub for advanced industries:

• DN Solutions India Private Limited: ₹998 crore investment in ITIR, Devanahalli, creating 467 jobs.
• Silectric Semiconductor Manufacturing Private Limited: ₹3,425.60 crore investment in Kochanahalli, Mysuru, creating 460 jobs.
• Sansera Engineering Limited: ₹2,150 crore investment in Harohalli, generating 3,500 jobs.

Expansions and Amendments

Six existing projects received approvals for expansions, contributing an additional ₹3,249.71 crore investment and 1,178 jobs. This highlights the confidence of investors in Karnataka’s industrial landscape.

The Semiconductor Milestone

In a landmark move, Karnataka will establish its first semiconductor manufacturing project at the Kochanahalli Electronics Manufacturing Cluster near Mysuru. This development is expected to boost India’s position in the global semiconductor industry.

Ensuring Accountability and Timely Execution

Chief Minister Siddaramaiah emphasized the importance of operationalizing projects within the prescribed timelines. Penalties will be imposed on companies that fail to adhere to these commitments, ensuring that investments translate into real-world benefits.

Agriculture-Friendly Policies

In addition to industrial growth, the Karnataka government is exploring profit-sharing models between sugar mills and farmers. Inspired by practices in Maharashtra and Tamil Nadu, this initiative aims to strengthen the agricultural economy.

Frequently Asked Questions

What is the total investment approved by Karnataka?

The Karnataka government has approved projects worth ₹9,823.31 crore.

How many jobs are expected to be created?

A total of 5,605 jobs are projected to be created by these projects.

Where will Karnataka’s first semiconductor project be established?

The semiconductor project will be located at the Kochanahalli Electronics Manufacturing Cluster near Mysuru.

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