Minister of Medium and Large Scale Industries Jagdish Shettar said here on Sunday that the government approved 382 projects with an investment of ₹ 76,376 crore in the state during 2020.
Addressing the press conference after the Karnataka Coastline Business Conclave 2021 organized by the Federation of Indian Chambers of Commerce and Industry (FCCI), the minister said that the approved projects would help generate employment for 1.77 lakh people. The minister said that out of the proposals worth 4 lakh crore investment proposals made in the country in 2020, Karnataka got an investment of 60 1.60 lakh crore.
If COVID-19 is fully controlled, the government will host global investors to meet in 2021 or in February 2022 in Bengaluru. “This is a temporary program, which may change depending on the proliferation of COVID-19,” the minister said. .
Mr. Shettar said that the government plans to declare five or six industrial estates in the state as industrial townships.
On a question, he said that no decision has been taken on the merger of Directorate of Micro, Small and Medium Enterprises and Directorate of Large and Mega Industries in the state.