Karnataka government has approved 69 projects with a total investment of ₹3500.86 crore during the 152nd meeting of the state-level monitoring committee held here on Saturday.
These projects approved under the leadership of Minister for Large, Medium Industries, and Infrastructure Development M B Patil are expected to create employment opportunities for approximately 24,954 people across the state, a statement from the minister's office said.
Among the notable approvals are Jyoti CNC Automation Limited, which plans to invest ₹285 crore on machine tool centre with an employment of 3,394 people, and Karnataka Soaps and Detergents Ltd plans to invest ₹250 crore in manufacturing of soaps and detergents.
Hindustan Coca Cola Beverages Private Limited plans to invest ₹249 crore in manufacturing of beverages.
{{/usCountry}}Hindustan Coca Cola Beverages Private Limited plans to invest ₹249 crore in manufacturing of beverages.
{{/usCountry}}With these projects, Patil reaffirmed the government's commitment to facilitating industrial investments and strengthening Karnataka's economy by supporting high-impact projects that drive sustainable development and job creation.
According to the minister's office, 12 projects with capital investments exceeding ₹50 crore, totaling ₹2311.88 crore are set to generate employment for approximately 18,972 people and 55 projects with investments between ₹15 crore and ₹50 crore, amounting to ₹1148.98 crore, are expected to provide employment for around 5,832 people while two schemes with a capital investment of ₹40 crore is expected to create employment for 150 people.
Also Read - From Nandini milk to Namma Metro: How Bengaluru's cost of living has skyrocketed in a year
"The Government of Karnataka remains committed to fostering industrial growth and employment generation through strategic investments. The approved projects span diverse sectors, reinforcing the state's position as a leading investment destination," it stated.