Karnataka Govt Clears 91 Industrial Investment Proposals Worth Rs 7,659.52 Crore

Date:

Trending

- Advertisement -

Karnataka’s State Level Single Window Clearance Committee (SLSWCC) has given the nod to 91 industrial investment proposals valued at Rs 7,659.52 crore during its recent meeting. These projects have the potential to generate employment opportunities for approximately 18,146 individuals within the state.

Led by M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development in the Karnataka Government, the SLSWCC approved 26 projects, each involving investments exceeding Rs 50 crore, with a cumulative worth of Rs 5,750.73 crore. These ventures are expected to create 13,742 job openings.

Some of the investors who secured approvals for their projects include Maruti Suzuki India, Aequs Consumer, South West Mining, Tata Semiconductor, and Krypton (India) Solutions Private Ltd.

- Advertisement -

Out of the total 91 proposals, approximately 57 investment projects fall in the range of Rs 15 crore to Rs 50 crore, amounting to Rs 1,144.94 crore. These projects hold the potential to generate 4,404 job opportunities within Karnataka.

Furthermore, the committee also granted approval for eight additional projects, involving an investment of Rs 763.85 crore.

- Advertisement -

The meeting was attended by Principal Secretary of Commerce and Industries Dr. S Selvakumar, Gunjan Krishna, Commissioner for Industrial Development, Mohammad Mohsin, Secretary, Department of Labour, Dr. M Mahesh, CEO, KIADB, Darshan H V, Director, Department of IT/BT, and Doddabasavaraju, Managing Director of Karnataka Udyog Mitra.

Following are the major business investment/project proposals approved in the meeting:

CompanyLocationInvestmentEmployment
M/s Pratibha Patil Sugar Industries Pvt.Kannur Village, Vijayapur Taluk, Vijayapur DistrictRs 489.50 crore275
M/s Gurudev BioRefineries & Allied Industries Private LimitedTadavalaga Post, Indi Taluk, Vijayapura DistrictRs 488.49 crore255
M/s Devashree Ispat Private LimitedHalwarti Village, Koppal Taluk & DistrictRs 470 crore800
M/s. Aequs Consumer Products Private Limited Unit 3Ittigatti Village, Dharwad DistrictRs 456 crore1187
M/s. Integrated Solar Power Private LimitedMindahalli Industrial area, Kolar DistrictRs 441.8 crore720
M/s South West Mining LimitedMusinayakanahalli Village and Torangallu Village, Sandur Taluq Bellary districtRs 411 crore65
M/s Shashi Alloys Private LimitedBhairanayakanahalli village, Nayakanahatti, Hobli, ChitradurgaRs 380 crore400
M/s SFS Group India Private LimitedKanagala Industrial Area, Belagavi districtRs 250 crore844
M/s Mysore Petro Chemicals LimitedDeosugar, Raichur DistrictRs 240 crore157
M/s Lam Research India Pvt LtdRaman Nagar, BengaluruRs 235.91 crore1724
M/s Tata Semiconductor Assembly And Test Private LimitedKolar Taluk and districtRs 200 crore155
M/s Maruti Suzuki India LimitedNelamangala Taluk, Bengaluru Rural DistrictRs 137.6 crore1908

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

The IoT Platform Market Just Consolidated: Smart Integrators Are Looking Elsewhere

Three platforms changed owners in 15 months. Your stack didn't change. Your risk profile did.

How Home-Based Healthcare is Improving Medical Accessibility Across India

The Indian health care industry has seen considerable transformation in recent times, primarily due to changes in patient demand and an increasing need for convenient and cost-effective health care. India is a country where high-quality health care facilities were available only in urban areas,...

Meta Platforms, Broadcom Partners to Co-Develop Multi-Gen Silicon AI Chips

Facebook parent Meta Platforms (NASDAQ: META) has expanded its partnership with Broadcom to co-develop...

Practo Names Srijesh Kumar as Global CPTO

India-based online doctor consulting platform, Practo has announced the appointment of Srijesh Kumar as...

Matrix Geo Solutions Wins ₹5.14 Crore Narmada Survey Project from MPSEDC

Matrix Geo Solutions Limited has received a Letter of Acceptance (LoA) from Madhya Pradesh...

Why Reliability and Security Are the New Differentiators in Enterprise Tech

For years, enterprises competed on features, scale, and speed. Today, the real differentiator is...

Trump Accuses Iran of Breaching Ceasefire, Warns Over Strait of Hormuz Transit

The US President Donald Trump has accused Iran of failing to allow adequate oil...

India’s Foreign Secretary Vikram Misri Holds Talks with FBI Chief Kash Patel

India’s Foreign Secretary Vikram Misri met FBI Chief Kash Patel in Washington on Thursday...

Sawai Capital Executes ₹300 Crore Structured Credit Transactions in Q4

A Gurugram-based wealth and investment platform, Sawai Capital, has executed structured credit transactions in excess of ₹300 crore during the fourth quarter, with deal...

Cisco Appoints Pete Shimer to Board, Daniel Schulman to Step Down

Cisco Systems (NASDAQ:CSCO) has appointed Pete A. Shimer to its board of directors, while...

Cisco Director Pete Shimer Files Initial Ownership Disclosure with SEC

Cisco Systems (NASDAQ: CSCO) board member Pete A. Shimer has filed an initial statement...

NVIDIA CEO Jensen Huang Reports 437,908 Shares Disposal at $181.93 Each

Jensen Huang, President and CEO of Nvidia Corporation (NASDAQ:NVDA), has reported a series of...

Cisco Report: Cybersecurity Remains Top Challenge as Industrial AI Adoption Expands

Cisco Systems (NASDAQ:CSCO) has released its latest State of Industrial AI Report, highlighting how...

Motilal Oswal Alternates leads $280 Mn Series E Round for KreditBee

India based digital lending platform KreditBee (KrazyBee Services PVT Ltd) has raised $280 million in a Series E funding round at a post money...

Cisco Appoints Pete Shimer as its board of directors

American multinational technology conglomerate, Cisco Inc (NASDAQ: CSCO) on Tuesday announced the appointment of Pete Shimer to its board of directors with the immediate effects. Shimer currently serves on the boards of Alaska Airlines, Korn Ferry and Synopsys, and is Executive Chair of the Cancer...

Cambodia Installs Statue Honouring Mine Detection Rat Magawa

Magawa, a landmine detecting rat who was awarded a gold medal for his service,...

GPS Renewables’ GPSR Arya Raises ₹500 Million from Axis AMC to Scale CBG Projects Across India

GPSR Arya, the asset platform of GPS Renewables, has raised ₹500 million in mezzanine...

How Modern Technology Enhances Efficiency and Performance of Residential HVAC Systems

Modern technology has revolutionized many aspects of our daily lives, and residential HVAC systems...

CredResolve Secures Pre-Series A round funding from Merak Ventures & Others

CredResolve, an India-based AI-powered debt collections infrastructure company, has raised a pre-Series A funding...

How to Avoid Distracted Driving on the Road

Driving on today's roads requires utmost attention and care. As automobiles evolve with advanced...

Closing India’s Employability Gap with Tech-First Hiring Models

India’s employability challenge is often framed as a skill gap problem. But that’s only...

NIELIT, SKD University Sign MoU to Expand AI, Cyber Security and Data Science Education in Rajasthan

The National Institute of Electronics and Information Technology (NIELIT) and Shri Khushal Das University...

VES College of Architecture’s Dr. Prof. Anand Achari on Preparing Students for Real Urban Challenges with AI and Design Thinking

Speaking with TechGraph, Principal of VES College of Architecture (VESCOA), Dr. Prof. Anand Achari,...

How NBBL’s New Technology Stack Is Transforming the Future of Payments

India’s digital payments ecosystem has reached a scale that very few countries in the...

NVIDIA CEO Jensen Huang Reports 437,908 Shares Disposal at $181.93 Each

Jensen Huang, President and CEO of Nvidia Corporation (NASDAQ:NVDA), has reported a series of...

ASLI Appoints Rajagopal G as Chairman for 2026–28 Term

Association of Senior Living India (ASLI) has announced the appointment of Rajagopal G as...

realme Launches realme 16 5G in India with Dual 50MP Cameras, 7000mAh Battery

With a bid to strengthen its position in the mid range segment, realme has...

SatLeo Labs Raises $2.2 Mn Seed Round Led by Unicorn India Ventures

SatLeo Labs, a Gujarat-based space tech startup focused on capturing high-resolution thermal and visible...

How Graphics on Cars Can Boost Your Business

In today's competitive market, businesses are constantly looking for innovative ways to stand out...

Cisco Report: Cybersecurity Remains Top Challenge as Industrial AI Adoption Expands

Cisco Systems (NASDAQ:CSCO) has released its latest State of Industrial AI Report, highlighting how...

VES College of Architecture’s Dr. Prof. Anand Achari on Preparing Students for Real Urban Challenges with AI and Design Thinking

Speaking with TechGraph, Principal of VES College of Architecture (VESCOA), Dr. Prof. Anand Achari,...

The Future of Crypto Investing Is on Autopilot

When most people think about cryptocurrency investing, they envision charts fluctuating rapidly, traders responding...

How NBBL’s New Technology Stack Is Transforming the Future of Payments

India’s digital payments ecosystem has reached a scale that very few countries in the...