Karnataka has approved investment proposals worth Rs 29,679.20 crore, with the projects expected to create around 66,360 jobs across the state. The approvals were granted at the 68th meeting of the State High Level Clearance Committee (SHLCC), chaired by Chief Minister D K Shivakumar.
Nine New Projects Get Approval
The committee cleared nine fresh investment proposals involving a total investment of Rs 25,710.56 crore. These projects are expected to generate approximately 64,349 jobs across different sectors and locations in Karnataka.
Hero Future Energies Among Major Investors
Hero Future Energies has proposed an investment of Rs 9,760 crore and is expected to create around 3,200 jobs. Mahindra Aerostructures plans to invest Rs 2,300 crore, with the project likely to generate 3,000 jobs.
Vibrancy Real Estates has received approval for a Rs 2,195.94 crore proposal, which is expected to create around 30,000 jobs. Trualt Bioenergy has proposed an investment of Rs 2,988 crore and is expected to generate 21,436 jobs.
Other approved projects include Aequs Consumer Products with an investment of Rs 1,104 crore and 4,813 expected jobs, Epsilon Cam with Rs 1,500 crore and 500 jobs, Toyota Kirloskar Motor with Rs 1,200 crore and 500 jobs, Nirani Sugars with Rs 4,062.6 crore and 700 jobs, and Lighthouse Canton Alternatives Asset Manager with Rs 600 crore and 200 jobs.
Expansion Projects Worth Rs 3,968 Crore
The SHLCC also approved eight additional investment and amendment proposals worth Rs 3,968.64 crore. These projects are expected to add another 2,011 jobs in the state.
The proposals include investments from MSPL, Nsure Reliable Power Solutions, Honda Cars India, Bheema Fine Chemicals, Sansera Engineering, TVS Motor Company and Havells India. TVS Motor has proposed an investment of Rs 1,050 crore, while Honda Cars India has received approval for a Rs 437 crore proposal.
Government Plans Stricter Project Checks
Chief Minister D K Shivakumar has directed officials to conduct detailed scrutiny of industrial project reports before granting licences and approvals. He has also asked the Finance Department to make pre-audits mandatory for projects and establish a dedicated audit team for this purpose.
The government has further instructed officials to ensure that all projects comply with Karnataka’s industrial policy while taking steps to support new industries and encourage existing companies to expand.
Karnataka Looks Beyond Bengaluru
The state government is also considering the development of new growth centres to reduce the increasing pressure on Bengaluru. During a meeting with NITI Aayog, Shivakumar highlighted the need to build a “second Bengaluru” within Karnataka to spread economic activity and infrastructure development beyond the capital.
He said Karnataka remains one of India’s leading states in GDP, per capita income, technology, innovation, foreign direct investment, exports, startups and IT services.
Strong Talent Pool Supports Growth
Karnataka produces around 1.6 lakh engineers and 13,000 doctors every year, according to the state government. Bengaluru alone has approximately 26 lakh IT professionals and continues to attract skilled workers from across India.
However, the concentration of people, businesses and economic activity in Bengaluru has increased pressure on the city’s infrastructure. The state is therefore looking at major infrastructure projects and new economic centres to support future growth.
Karnataka’s GSDP Reaches Rs 32.81 Lakh Crore
Karnataka’s Gross State Domestic Product stood at Rs 32.81 lakh crore in 2025-26, registering an 8.1 percent growth, according to officials. Services account for around 70 percent of the state’s GSDP, followed by industry at 19 percent and agriculture at 11 percent.
The government is also spending more than Rs 50,000 crore annually on its five guarantee schemes and around Rs 20,000 crore each year on electricity subsidies for farmers.
Focus on Investment and Public Services
Shivakumar said Karnataka is working on several initiatives aimed at improving public services and supporting economic growth. The government has introduced the Prajaseva department to improve the delivery of welfare and government services.
Karnataka is also planning a dedicated Foreign Investment Department to provide greater support to overseas investors. A tourism development plan has been prepared, while a coastal tourism policy is expected to be placed before the Cabinet for approval.
Karnataka Seeks Greater Central Support
During discussions with NITI Aayog, Shivakumar also called for Karnataka to receive its due share of funds from the Centre, including grants announced in previous Union Budgets. He stressed the need for stronger cooperation between the Centre and states to support India’s overall economic development.
He also raised concerns over population-based fund allocation, arguing that southern states that have successfully implemented population-control measures should not be disadvantaged in the distribution of central funds.
State Targets Wider Economic Growth
The Karnataka government plans to prepare a broader strategy for developing new growth centres, improving infrastructure and attracting investments beyond Bengaluru. The state has also highlighted its agricultural potential, particularly its large dryland area, and called for greater focus on improving productivity in these regions.
