The Karnataka Government has approved nine industrial projects with a massive investment of 9,823.31 INR-Crore. These initiatives are projected to generate around 5,605 jobs, significantly boosting the state’s industrial growth. The approvals were finalized during the 64th State High-Level Clearance Committee (SHLCC) meeting.
Among the nine, three are investment proposals, while the remaining six involve expansions or revisions to existing plans. The newly approved projects include DN Solutions India Pvt Ltd’s 998 INR-Crore venture at ITIR, Devanahalli, which promises 467 jobs. Similarly, Silectric Semiconductor Manufacturing Pvt Ltd plans to invest around 3,425.60 INR-Crore in Kochanahalli, Mysuru, creating 460 job opportunities. Additionally, Sansera Engineering Ltd’s 2,150 INR-Crore project at Harohalli is set to deliver 3,500 jobs.
Also Read: India’s Construction Industry in FY 2023-24: A Zone-Wise Analysis – Part 1 of 7
Meanwhile, the six expansion and amended projects bring a combined investment of around 3,249.71 INR-Crore. These upgrades will generate 1,178 jobs, further strengthening Karnataka’s industrial backbone. This strategic push for Industrial Projects in Karnataka underscores the government’s commitment to industrial development.
Biltrax Construction Data is tracking 33,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
