The Karnataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, expected to create approximately 5,605 jobs. The approval was given during the 64th meeting of the State High Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah.
Of the approved projects, three are new investments, while the remaining six involve expansions or amendments to existing plans.
The new projects include:
- DN Solutions India Private Limited: Rs 998 crore investment at ITIR, Devanahalli, expected to generate 467 jobs.
- Silectric Semiconductor Manufacturing Private Limited: Rs 3,425.60 crore investment at Kochanahalli, Mysuru, projected to create 460 jobs.
- Sansera Engineering Limited: Rs 2,150 crore investment at Harohalli, estimated to generate 3,500 jobs.
The six expansion or amended projects, with a total investment of Rs 3,249.71 crore, are expected to create 1,178 jobs.
In a significant announcement, CM Siddaramaiah revealed that the state will establish its first semiconductor project at the Kochanahalli Electronics Manufacturing Cluster near Mysuru.
Addressing investors acquiring Karnataka Industrial Area Development Board (KIADB) plots, the Chief Minister urged them to operationalise their units within the prescribed timelines, warning that penalties would be imposed on those who fail to comply.
Siddaramaiah also mentioned that the government is exploring the possibility of profit-sharing arrangements between sugar mills and farmers, directing officials to study similar practices in Maharashtra and Tamil Nadu.
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