Karnataka Government approves Rs 3.5 tn investments for 1,958 projects

11 Feb 2019 Editorial Team

In order to drive industrial development across Karnataka, the Karnataka Government has reportedly approved 1,958 projects with an investment of Rs 3.5 trillion. Karnataka is expected to be the first state in the country in fiscal 2018-2019 in attracting such investments. These projects have the potential to create jobs for over 1 million people.

Also, the government is reportedly implementing the compete with China scheme to develop nine industrial clusters across the state. Karnataka has been rated top in the start-up ranking by the Department of Industrial Policy and Promotion (DIPP) in IT and biotechnology, with Bengaluru start-up scenario valued at about $19 billion. Nearly 0.25 million youth are expected to be trained in the latest technologies through vocational institutions to enable them to get jobs at the earliest. The state government is expected to collaborate with the world's leading start-up ecosystems in Britain, France, Israel, Japan and the US as the start-ups in the state are expected to touch 20,000 by 2025.

The state government has also set up 58 K-Tech (Karnataka Technology) innovation centres in Tier-I and Tier-II cities across the state to incubate start-ups in thousands. In order to enhance education and employment, the coalition government has reportedly committed to starting English medium in state-run schools across Karnataka. Rs 4.5 billion has been reportedly sanctioned and released for upgrading the infrastructure in state-run schools across the state.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..