The Karnataka government has approved a new sugar manufacturing project worth Rs 443.50 crore as part of a larger industrial investment package cleared by the state, Industries Minister M. B. Patil said, PTI reported.
The proposed sugar factory will be set up by Karnataka Bangaru Sugars Pvt Ltd and was approved during the 158th meeting of the State Level Single Window Approval Committee.
Officials said the project forms part of a broader set of industrial approvals worth Rs 4,824.31 crore cleared for 37 new industries and two additional investment proposals across 13 districts.
The sugar manufacturing project is among the major investments cleared by the state and is expected to contribute to employment generation and industrial growth in the region.
According to the government, the approved projects span multiple sectors including IT infrastructure, technical textiles, compressed biogas, aerospace, jewellery production, electronics, software services and hospitality.
Minister M. B. Patil said the overall investment package is expected to create around 14,525 jobs in the state.
Of the total approvals, 22 large and medium industries involving investments above Rs 50 crore account for Rs 3,908.68 crore and are expected to generate 12,475 jobs.
Another 15 projects with investments between Rs 15 crore and Rs 50 crore will bring in Rs 350.60 crore and create around 1,750 employment opportunities, while two additional expansion projects worth Rs 565.03 crore are expected to generate about 300 jobs.
Apart from the sugar unit, other major projects include an IT infrastructure development project by Bagmane Constructions Private Limited worth Rs 494.65 crore and a technical textile unit by Kleine Pax Ltd with an investment of Rs 376 crore.
