Karnataka Greenlights ₹3500 Crore Investment Boost: 69 Projects to Create Nearly 25,000 Jobs
The Karnataka government has approved 69 projects worth over ₹3500.86 crore, aiming to create nearly 24,954 jobs across the state. The decision was made during the 152nd meeting of the state-level monitoring committee, chaired by Minister for Large, Medium Industries, and Infrastructure Development, MB Patil.
These investments highlight Karnataka’s commitment to industrial growth, sustainable development, and employment generation. Among the significant approvals, Jyoti CNC Automation Limited is set to invest ₹285 crore in a machine tool center, generating employment for 3,394 individuals. Karnataka Soaps and Detergents Ltd will invest ₹250 crore in manufacturing soaps and detergents, while Hindustan Coca Cola Beverages Private Limited plans to invest ₹249 crore in beverage production.
According to the minister’s office, 12 projects involve capital investments exceeding ₹50 crore, totaling ₹2311.88 crore, and are expected to create approximately 18,972 jobs. Additionally, 55 projects with investments ranging from ₹15 crore to ₹50 crore, amounting to ₹1148.98 crore, are projected to generate employment for 5,832 people. Two other projects with a combined capital investment of ₹40 crore are anticipated to provide jobs for 150 individuals.
The minister reaffirmed the state government's dedication to facilitating industrial investments and reinforcing Karnataka’s economy by supporting high-impact projects. These projects span diverse sectors and reinforce Karnataka's position as a leading investment destination in India. The government remains committed to fostering industrial growth and employment generation through strategic investments, ensuring that the state continues to attract significant industrial ventures.
Comments
Post a Comment