The Karnataka government has given the green signal to 91 industrial investment proposals. These proposals amount to INR 7,660 Crore in investments and have the potential to generate 18,146 jobs.
Among these, the State Level Single Window Clearance Committee (SLSWCC), under the leadership of MB Patil, the state’s Minister for Large and Medium Industries and Infrastructure Development, has approved 26 projects with investments exceeding INR 50 Crore, totaling INR 5,750.73 Crore, and with the potential to create 13,742 jobs.
SFS Group India Private Limited, a Mobile components manufacturer got approval for the investment of INR 250 Crore in Belagavi to set up unit, generating employment opportunity to 844 people.
SFS delegates, led by Faras Shaw, CFO of the company, had recently met Minister for Large and Medium Industries, M B Patil and discussed their proposed project. same is now approved from state government.
SFS has already established an operational aerospace components unit in Belagavi. The company, known for manufacturing mobile components for companies like Apple, now expresses interest in setting up another unit in Belagavi.
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About SFS Group India Private Limited : SFS Group India Pvt. Ltd. is India’s largest manufacturer of Engine Valve Collets, Rocker Arm Screws, Turbocharger Components & Assemblies and Fuel System Parts & Assemblies. SFS Group India has a history of providing precision-machined parts and cold forged components to the world’s most demanding customers. A preferred supplier to the automotive and turbocharger industry. SFS Group India has state of the art equipment and highly skilled teams who truly understand the meaning of world class.