ENA State 2024-12-24 17:42:20 <p><span style="font-size:14px"><strong>Mysuru, Dec 24 (KNN)</strong> Silectric Semiconductor Manufacturing Pvt Ltd has announced a major investment of Rs 3,425.60 crore to establish the states first Electronics Manufacturing Cluster (EMC) at Kochanahalli, near Mysuru.</span></p> <p><span style="font-size:14px">The project is expected to generate 460 new jobs, marking a significant step in Karnatakas growing electronics and semiconductor industry.</span></p> <p><span style="font-size:14px">The investment was approved during the 64th State High-Level Clearance Committee (SHLCC) meeting, chaired by Chief Minister Siddaramaiah.</span></p> <p><span style="font-size:14px">In total, the SHLCC approved 10 proposals across various industrial sectors in Karnataka, amounting to Rs 9,823 crore.</span></p> <p><span style="font-size:14px">These projects are set to create an estimated 5,605 jobs, underscoring the states role as a key hub for industrial development in India.</span></p> <p><span style="font-size:14px">Apart from Silectrics semiconductor project, the new proposals include DN Solutions India Pvt Ltds Rs 998 crore investment in the ITIR at Devanahalli, which is expected to create 467 jobs, and Sansera Engineering Ltds Rs 2,150 crore project at Harohalli, promising 3,500 new jobs.</span></p> <p><span style="font-size:14px">In addition to these, six ongoing projects worth Rs 3,249.7 crore will generate 1,178 jobs through expansions or amendments to existing plans.</span></p> <p><span style="font-size:14px">Notable expansions include Musashi Autoparts India Pvt Ltds Rs 122.66 crore investment at Doddaballapura (478 jobs), JSW Cement Ltds Rs 486.82 crore project at Toranagal (225 jobs), and NIDEC Industrial Automation India Pvt Ltds Rs 200 crore investment at Belur (150 jobs).</span></p> <p><span style="font-size:14px">Other significant investments include Epsilon Carbon Pvt Ltds Rs 740 crore expansion at Sandur (325 jobs), K B Steels Pvt Ltds Rs 852.49 crore project at Hosapete, and Sify Data Managed Services Ltds Rs 847.74 crore investment at the High-Tech Defence and Aerospace Park.</span></p> <p><span style="font-size:14px">Chief Minister Siddaramaiah also announced that the government is exploring the possibility of profit-sharing agreements between sugar mills and farmers.</span></p> <p><span style="font-size:14px">Additionally, the government has earmarked 234 acres of land in Kochanahalli for the electronics cluster and is working on a new Electronics System Design and Manufacturing (ESDM) policy to further boost the sector.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40382 https://knnindia.co.in/news/newsdetails/state/silectric-semiconductor-to-invest-rs-3425-crore-in-mysuru-karnataka 2024-12-24 17:42:20 knnindia.co.in