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

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

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.

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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement