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Karnataka government approves 55 projects worth ₹7,506 crore to create 28,000 jobs

Karnataka government has greenlit 55 industrial projects totaling ₹7,506 crore, as announced by Large and Medium Industries Minister M.B. Patil on June 19. This move is set to generate more than 28,000 jobs and encourage growth outside Bengaluru, attracting substantial foreign investments from firms such as Taiwan's Teaming Automation and South Korea's YJ Link.

BRIC Team
BRIC Team
Jun 20, 2026 · 1 min read · 4 views
Karnataka government approves 55 projects worth ₹7,506 crore to create 28,000 jobs

Key Takeaways

  • •Karnataka's government approved 55 industrial projects worth ₹7,506 crore on June 19, aiming to create over 28,000 jobs.
  • •41 of the approved projects will be located outside Bengaluru Urban and Rural districts.
  • •Taiwan's Teaming Automation will invest ₹20 crore, while South Korea's YJ Link is set to contribute ₹177.96 crore.
  • •Kaynes Electronics is leading with a ₹495 crore investment in Chamarajanagara, significantly boosting local industry.
  • •Five companies are expanding, adding an extra ₹223.61 crore to the state's industrial landscape.

Karnataka government approved 55 industrial projects worth ₹7,506 crore,expected to create over 28,000 jobs. Decision announced June 19,part of state's Beyond Bengaluru push to boost development outside main urban hubs.

Large and Medium Industries Minister M.B. Patil said 41 projects will be outside Bengaluru Urban and Rural . Sectors include aerospace,ESDM,and general engineering. Four involve Foreign Direct Investment from international companies.

Foreign investments notable: Taiwan's Teaming Automation will put in ₹20 crore, South Korea's YJ Link ₹177.96 crore. Germany's Revum brings ₹16.50 crore,Japan's Shinko adds ₹100 crore to local economy . Projects aim to significantly boost state's industrial scene.

Of total approved,35 projects exceed ₹50 crore each,15 between ₹15-₹50 crore. Five companies planning expansions,adding ₹223.61 crore more.

Major investments include ₹495 crore from Kaynes Electronics in Chamarajanagara,₹490 crore from SFO Technologies in Doddaballapura,and ₹454 crore from Orbit Industrial Park in Kolar. Also ₹441 crore from Terra Circuits in Vijayapura and ₹404 crore from Bellatrix Aerospace in Bengaluru Rural.

Further ₹380 crore from JSW Port Logistics in Ballari and ₹337 crore from Shahi Exports in Kalaburagi. Other firms like Infragalaxy,Hi-Tech Metallics,and Praxair India contributing across districts . What's next for Karnataka's industrial push…

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