Planning to develop four industrial clusters for the semiconductor sector, Karnataka has planned ₹7.1449 billion and 901 acres of land to draw investors, said state IT minister.
On Tuesday, Karnataka IT and biotechnology minister Priyank Kharge announced at the legislative council that the state has earmarked 901 acres across four industrial clusters for the semiconductor sector. The allocation is underway, and an investment of ₹7.1449 billion is being made to attract semiconductor companies.
He stated the locations of these clusters: 224.5 acres near Belur-Kotur in Hubballi, 245.67 acres in Kochanahalli in Mysuru, 218.20 acres in Vasanthanarasapura Industrial Area in Tumakuru, and 213.14 acres in Hosahalli in Bengaluru Rural.
Kharge also mentioned that companies like Carbon Electronics, Astr Defense, NanoPix Integrated Software, Neuorigami, Gopalan Aerospace, Krypton Solutions, and Wide Mobility are interested in investing in the state.
However, the minister expressed concerns about Karnataka’s challenge in attracting semiconductor firms, noting that despite securing investments worth ₹700 billion through international efforts, influence from the centre could sway firms to invest in Gujarat, the Prime Minister’s home state.
This has been a concern for the state for the last few months, when the state minister for Large and Medium Industries, MB Patil, raised demands for a similar investment like Micron Technologies’ in a Gujarat ATMP facility last month.
Patil agreed with Kharge, noting Gujarat’s appeal to companies with substantial incentives, cutting costs to 20%. He emphasised replicating these incentives in Karnataka to draw semiconductor investments, having raised the issue with Union Minister HD Kumaraswamy.