147 new projects approved in Karnataka; ₹6,826 crore investment and 18,600 job opportunities

The Karnataka government has taken a significant decision to accelerate industrial development in the state. According to a report by BusinessLine, the State Level Single Window Clearance Committee (SLSWCC) has approved a total of 147 new investment projects. The total value of these projects is ₹6,825.93 crore. The implementation of these projects is expected to create approximately 18,600 new employment opportunities in the state. This decision will increase economic activities in various regions of the state.

The approved projects span various sectors, including food processing, textiles, data centers, semiconductors, electronics system design and manufacturing (ESDM), IT parks, printed circuit board assembly, aerospace, sugar, and general engineering. M.B. Patil, Karnataka's Minister for Large and Medium Industries and Infrastructure Development, stated that these projects will create 18,600 jobs across the state. Notably, 131 of the approved projects will be established in districts other than Bengaluru Urban and Bengaluru Rural, which will boost regional industrial development.

Providing details, Minister Patil stated that 36 large projects with investments exceeding ₹50 crore have a total value of ₹4,507.71 crore and will create 12,074 jobs. Additionally, 108 new projects with investments between ₹15 crore and ₹50 crore will bring an investment of ₹2,238.37 crore and will provide employment to approximately 6,526 people. Furthermore, the committee has also approved additional investment proposals worth ₹79.85 crore for three existing projects.

Key projects include Advait Tech LLP's ₹380 crore IT and ITES park in Devanahalli, Bengaluru, which will provide 500 jobs. Similarly, Vista Spaces Tech Hoodi Private Limited will set up an IT park in East Bengaluru with an investment of ₹260 crore, providing employment to 750 people. Three large projects will come to Gauribidanur in Chikkaballapur district, including OFB Tech Limited's ₹245 crore glass plant (400 jobs), UHP Technologies' ₹200 crore semiconductor plant (300 jobs), and Interni International's ₹130 crore manufacturing unit (600 jobs).

In Mysuru district, FIEM Industries will manufacture electronic components with an investment of ₹183.06 crore, providing employment to 550 people. Additionally, Arbi Biomarin Extracts will set up an Omega-3 production facility with an investment of ₹129.71 crore, employing 62 people. Akshaykalp Farms & Foods will establish an organic dairy and food processing unit in K.R. Pet taluka of Mandya district with an investment of ₹165.24 crore, providing employment to 300 people.

The State Level Single Window Clearance Committee is a crucial institution of the Karnataka government, aimed at providing speedy approvals for large investment proposals in the state. By providing permissions from various departments under one roof, this committee simplifies the administrative process for entrepreneurs. In the past, this committee has also played a significant role in attracting large-scale industrial investments to the state, helping Karnataka secure its position among the country's leading industrial states.