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UPCOMING CONCERNS IN KARNATAKA Karnataka has been an industrially progressive state from earlier days. Bangalore has been the science capital of the country and today is proudly known as the Silicon Valley of the country. The presence of premier professional institutes namely IIM, IISc, ISRO etc has become beneficial for the development of industries. Between 1991 and 1997 the state has sanctioned 89 mega projects totalling worth Rs 57,000 crore. - Karnataka will soon be a leading producer of steel and cement.
- Being the IT capital of the country, software development has become an inherent talent of this region.
- Agrobased industries, floriculture, textile, etc. have proved their mettle.
| Investments in the infrastructure area has become a major and important activity. Proposals worth over Rs 74,000 crore in infrastructure has been cleared by the Government and the share of power in this is almost Rs 37,000 crore. In view of the excellent support and opportunities offered in Karnataka, several projects have come here. Major and upcoming projects are: | - 13 cement projects with 20MT cap
- 4 major steel plants and several small ones with 17MT capacity:JVSL, MVSL, Nagarjuna
- 4 Automotive projects-VOLVO(Heavy vehicles 4000nos), TELCO(heavy vehicles 4000nos)& TVS-Suzuki(scooters 50,000 nos), Kirloskar-Toyota(50,000 utility vehicles)
- Sai Textiles & Tex Mc-Indorama, S Kumars, LMW, Kirloskar-Toyota
- Consumer Electronics-BPL, Videocon, HCL-GI
- White Consumer goods-BPL, Videocon
- Auto Components-Delphi, Spicer
- Telecom-L&T, Samsung, Krone, AMP
- Others-GE Tubes, Exxon, Wrigten, Nords
| Mega business Houses The leading industrial companies located in Karnataka include: - UB Group (fertilizer, distilleries, breweries)
- Kirloskar (machine tools and electric motors)
- Khoday (distilleries, breweries)
- Bhoruka (steel products)
- WIDIA (machine tools)
- MICO (Auto ancillaries)
- BPL (entertainment and scientific electronics)
- Manipal Group (financing & property development)
- Tata Industries (info-tech)
- ACC (cement)
- Thapar (Caustic Soda)
- WIPRO (info-tech)
- Larsen & Toubro Ltd
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