Mysuru attracted Rs 1,800cr investments in 3 yrs

Mysuru: Mysuru district drew Rs 1,800 crore in investments over the last three years with the establishment of 11,471 industries. This development generated nearly 28,000 direct and indirect jobs, making chief minister Siddaramaiah's home district a major hub for industrial activity.
With Mysuru developing rapidly after Bengaluru, with better road, rail, and air connectivity, coupled with the availability of drinking water and land, it has attracted investors, industrialists, and entrepreneurs. The industrial-friendly, conducive atmosphere also boosted the promotion of industries. Mysuru is also known for tourism and has emerged as an education, health care, and yoga hub.
According to the department of industries and commerce, the district attracted an investment of Rs 404 crore with the establishment of 2,823 major, small, and minor industries in 2022-23, creating 7,001 jobs. It attracted an investment of Rs 601 crore with the establishment of 3,276 industries in 2023-24, creating 8,245 jobs for individuals. It has attracted Rs 795 crore with the establishment of 5,372 industries in 2024-25 so far, creating 11,700 jobs.
So far, Mysuru district has attracted an investment of Rs 17,026 crore with the establishment of 38,903 major, small, and minor industries, providing both direct and indirect jobs for 3,07,644 individuals. Industrial areas developed by the district administration, such as Hebbal, Hootagally, Belagola, Belavadi, Nanjangud, Thandavapura, Koorgalli, Kadakola, Yadavagiri, Metagally, and Hinakal, even taluk headquarters' surroundings like Hunsur and Nanjangud, are attracting investors.
The industrial estates established by govt in Mysuru for automobiles, electronics and electricals, chemicals, food processing, leather industries, paper and printing, rubber and plastics, textiles, and several other industrial parks are attracting investors. The Union govt-sponsored programmes like PM Vishwakarma and PMEGP (Prime Minister Employment Generation Programme) for entrepreneurship development have all given a big boost to the promotion of industries in Mysuru.
Around 1.8 lakh individuals have registered under the PM Vishwakarma scheme that aims at supporting artisans working in more than 18 traditional trades, including carpentry, tailoring, metallurgy, laundry and washing, and several other sectors. About 20,000 registered for jobs under the PMEGP scheme.
Speaking to TOI, joint director of industries and commerce Shivalingaiah said Mysuru district attracted an investment of Rs 1,800 crore with job creation for 28,000 individuals in the last three years. "The department has been registering the establishment of new industries every month and sanctioning an average of Rs 50 crore every month for the establishment of micro and minor industries. In recent years, women entrepreneurs are also coming forward along with SC and ST entrepreneurs for the establishment of industries after govt started providing loans with an annual interest rate of 5% per annum for them," he said.
Mysuru Chambers of Commerce and Industries president KB Lingaraju said Mysuru started witnessing an increase in the registration of small-scale industries over the last five years, along with job creation, after both Union and state govts started to encourage entrepreneurs under Make in India, startup ecosystem, promotion of swadeshi, and marketing of products.