Belagavi district set for Rs 28.5k-crore investment boost
Invest Karnataka 2025
' initiative.
The district already houses over 10,000 small and medium enterprises (SMEs), especially in the foundry and automobile spare parts sectors. The new wave of investment is expected to propel Belagavi to the forefront of Karnataka's industrial growth.
Until recently, inadequate land availability and limited infrastructure hindered large-scale industrial expansion in the region. But with the creation of dedicated industrial zones and the resolution of land-related challenges, the district has rapidly emerged as an attractive destination for major industrial players.
"Belagavi now offers a highly conducive environment for industrial growth," said Satyanarayan Bhat, joint director, District Industrial Centre, Belagavi. "More companies than anticipated signed MoUs during the Invest Karnataka 2025 summit [in Feb]. The govt is committed to providing all support."
Canada-based Magellan Aerospace Ltd has pledged Rs 115 crore to set up operations in the aerospace and defence sector.
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The largest commitment comes from Hero Posture Energies Ltd., which plans to invest Rs 22,200 crore to establish a facility on 150 acres at Kittur Industrial Estate.
These investments span sectors such as food processing, agriculture, trading, renewable energy, fuel production, and construction materials. Officials estimate that incoming industries will generate over 12,500 direct jobs and more than one lakh indirect employment opportunities, significantly boosting the local economy.
Rohan Juvali, former president , Belagavi Small Scale Industries Association, told TOI the district has a lot of industrial investment potential if land and infrastructure are provided. Unavailability of land is the challenge, he said.
Firms which have signed MoUs
Balaji Papers Pvt Ltd
Inamdar Sugars
Ratna Cement (Yadwad) Ltd
Ravindra Energy (KNSP) Pvt Ltd
SFS Group India Pvt Ltd
Vishwaraj Sugar Industries Ltd
Dalmia Cement (India) Ltd
Shivashakti Sugars Ltd
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