Industrial projects worth Rs 11000 crore were approved by the Government of Karnataka, aiming for industrial growth and generating more jobs
The Karnataka government is all set to open the gates for industrial growth as the State High-Level Clearance Committee (SHLCC) on Monday approved industrial projects worth Rs 11,495 crore that would provide jobs to over nearly 46,984 people in the state.
Out of the total amount of Rs 11,495 crore, Rs 6000 crore will be invested by Exide Industries aiming to generate 1200-1400 jobs. The industry will set up India’s largest Lithium-Ion cell manufacturing unit near Bengaluru airport.
In the 58th SHLCC meeting that was held at Vidhana Soudha under the aegis of Chairman Basavaraj Bommai and Vice Chairman of Large and Medium scale industries cleared the projects. In order to generate more employment in the state, the committee has also approved nine new projects with five new projects and four additional investment projects to further develop the industrial culture in the state.
Followed by the approval, Large and Medium Industries Minister, Mr. Murugesh Nirani reportedly said that the proposals approved by the government clearly state the investors’ preferred destination to invest in Karnataka.
He also adds that “These industrial projects have the potential to generate nearly one lakh jobs in the state. Our government has been giving preference to create jobs. Our policies, proactive steps and the prevailing business ecosystem are encouraging investors to invest in Karnataka. The investor-friendly atmosphere in the state is not available in the country.”
The state government is all set to acquire 22,000 acres of land near Bengaluru to allot a few new industries.
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01-2026
