Belagavi district is set to witness a massive industrial boost, with ten companies, including one from Canada, expressing commitment to invest a total of ₹28,496.25 crore under the ‘Invest Karnataka 2025’ initiative. The development marks a major milestone for the region, which already hosts over 10,000 small and medium enterprises, particularly in foundry and automobile spare parts manufacturing.
Until recently, the district’s lack of adequate land and infrastructure had limited the entry of large-scale industries. However, with the resolution of land availability issues and the creation of dedicated industrial zones, Belagavi is now positioned as an attractive destination for major investments.
Speaking on the development, Satyanarayan Bhat, Joint Director of Industrial Accounts, said:
“Belagavi district now offers a highly favorable environment for industrial growth. More companies than expected have signed MoUs during the Invest Karnataka 2025 summit, and all necessary support will be provided to facilitate their establishment.”
Among the ten companies, Canada-based Mugellan Aerospace Limited has committed ₹115 crore to set up operations in the aerospace and defense sector. The largest investment comes from Hero Posture Energies Ltd., which plans to invest ₹22,200 crore in the region. Authorities are in the process of allocating 150 acres at Kittur Industrial Estate for this project.
Other major companies planning to invest include:
- 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.
These investments span across sectors such as food processing, agriculture, trading, renewable energy, fuel, and construction materials.
Officials estimate that the new industries will generate over 12,500 direct jobs and more than one lakh indirect employment opportunities. Improved infrastructure — including air connectivity via Belagavi Airport, proximity to the national highway and railway network, and better water supply — has made the district a preferred choice for investors.
Source: Sakal