Silectric Semiconductor Manufacturing will invest Rs 3,425.60 crore in Karnataka's first electronics manufacturing cluster at Kochanahalli, Mysuru. The investment will create employment for 460 persons.

During the  64th State High-Level Clearance Committee (SHLCC) meeting, Chief Minister Siddaramaiah made the announced for the first semiconductor project in the state. The government has earmarked 234 acres of land at Kochanahalli, near Kadakola in Mysuru, for the electronics manufacturing cluster (EMC) and semiconductor units.

At the SHLCC meeting, 10 proposals worth a total of Rs 9,823 crore were approved across various industrial sectors in the state, which are expected to generate Rs employment. for 5,605 individuals. While three are new proposals, the remaining six involve expansions or amendments to existing plans. Apart from the Silectric Semiconductor, the approved new projects include DN Solutions India’s Rs 998 crore investment at the ITIR, Devanahalli, which will create work opportunities for 467 people, and Sansera Engineering's Rs 2,150 crore project at Harohalli, which is expected to provide employment to the tune of 3,500.

Additionally, there are six existing investment proposals worth Rs 3,249.7 crore, which are expected to generate 1,178 employment opportunities The six expansion or amended projects include Musashi Autoparts India’s Rs 122.66 crore investment at Doddaballapura; JSW Cement's Rs 486.82 crore project at Toranagal, Ballari; NIDEC Industrial Automation India’s Rs 200 crore project at Belur, Dharwad; Epsilon Carbon’s Rs 740 crore expansion at Sandur; K B Steels’s Rs 852.49 crore investment at Hosapete, Vijayanagara; and Sify Data Managed Services’s Rs 847.74 crore project at the High-Tech Defence and Aerospace Park. 

The government also plans to roll out a new Electronics System Design and Manufacturing (ESDM) policy.