en.Wedoany.com Reported - The Karnataka State Single Window Clearance Committee (SLSWCC) has approved 55 industrial projects with a total investment of INR 75.06 billion, expected to create over 28,000 jobs across the state.
These projects, approved at the committee meeting on June 19, are primarily concentrated in growth sectors such as aerospace, electronics manufacturing, and engineering. Among the approved projects, 41 will be located outside the Bengaluru Urban and Bengaluru Rural districts, aligning with the government's "Beyond Bengaluru" strategic direction to promote balanced regional development.
The largest investment projects include: a INR 4.95 billion project by Kaynes Electronics in Chamarajanagar, a INR 4.9 billion investment by SFO Technologies in Doddaballapur, a INR 4.54 billion project by Orbit Industrial Parks in Kolar, and a INR 4.41 billion facility by Terra Circuits in Vijayapura. Bellatrix Aerospace, an emerging private Indian space technology company, had its INR 4.04 billion project in Bengaluru Rural district approved, and JSW Port Logistics will invest INR 3.8 billion in Ballari.
Other significant investments include projects by Shahi Exports in Kalaburagi, Infragalaxy in Dakshina Kannada, Hi-Tech Metallics in Vijayapura, Praxair India in Hoskote, Sobha Realty in Bengaluru Urban, and RMZ in Hoskote, spanning sectors such as manufacturing, logistics, real estate, and industrial infrastructure.
Industries Minister M.B. Patil stated that these projects are expected to solidify Karnataka's position as a manufacturing and technology destination while creating employment opportunities outside traditional economic centers. This move is anticipated to accelerate industrialization in regions that have historically received relatively less investment.
Four projects backed by companies from Taiwan, South Korea, Germany, and Japan were approved in this round, with a total investment of INR 3.144 billion, expected to create over 500 jobs.
The approved projects are concentrated in aerospace, electronics system design and manufacturing (ESDM), and general engineering. Karnataka already has a foundation in the aerospace and electronics sectors, and these projects are expected to further deepen its industrial capabilities.
Among the 55 approved projects, 35 have investments exceeding INR 500 million, and 15 are between INR 150 million and INR 500 million. Additionally, five companies received approval for expansion projects, with a total investment of nearly INR 2.24 billion.
This round of approvals comes amid competition among Indian states to attract capital. Karnataka is advancing its industrial growth strategy by combining large-scale investments, regional diversification, and a focus on key sectors.
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