Karnataka clears Rs 27,600 cr investment proposals creating 8,704 jobs
Bengaluru (PTI): The 66th meeting of the State High-Level Clearance Committee chaired by Chief Minister Siddaramaiah here on Friday approved 13 investment proposals with a total investment of Rs 27,607.26 crore, officials said.
The projects are expected to generate 8,704 direct jobs, they added.
Large and Medium Industries Minister M B Patil said the approvals include 11 new investment proposals and two additional ones.
While the new proposals involve an investment of Rs 27,228.51 crore, the expansion account for Rs 378.75 crore, he said in an official statement.
According to the statement, the new investment proposals include: Vayu Assets Private Limited: Rs 1,251 crore (1,912 jobs); Tejas Networks Limited: Rs 542.19 crore (1,312 jobs); Reliance Consumer Products Limited: Rs 1,622 crore (1,200 jobs); JSW JFE Electrical Steel Private Limited: Rs 7,102 crore (900 jobs); HSS Textile Private Limited: Rs 740 crore (800 jobs); SFX India Mfg Private Limited: Rs 9,298 crore (806 jobs).
The additional investment proposals are from Embassy Industrial Park (Rs 80 crore) and Balaji Wafers Private Limited (Rs 298.75 crore), totalling Rs 378.75 crore, it added.
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Dr. Thumbay Moideen featured in Entrepreneur Middle East 100 NRI’s of the year
Dubai: Dr. Thumbay Moideen, Founder of Thumbay Group has been featured in this year's “The 100 NRIs by Entrepreneur Middle East.”
The annual feature recognises 100 prominent Non-Resident Indian entrepreneurs from diverse fields. Other notable names on the list include Zakariya Jokatte, Ashish Koshy, Deepak Babani, Pankaj Kundr, Faizal E. Kottikollon, Dr. Vivek Oberoi, and Prashant Goenka.
Dr. Thumbay Moideen, son of the late community leader B. Ahmed Haji Mohiudeen, is a prominent alumnus of St. Aloysius College, Mangaluru. He has earned widespread recognition in the UAE and beyond for his contributions to higher education and healthcare. He is also a recipient of the Karnataka State Rajyotsava Award 2025.
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In 1997, Dr. Moideen founded the Thumbay Group, a diversified international conglomerate that has expanded into health education, healthcare services, and medical research. In 1998, he became the first Indian invited by the rulers of Ajman to establish a medical college in the UAE, which has now grown into a university with its own network of hospitals, clinics, medical centers, and pharmacies across the country.
Dr. Moideen’s achievements have been recognised in respected publications, including Forbes Middle East and Arabian Business. He has also received an Honorary Fellowship from the International Medical Sciences Academy (IMSA) and an honorary doctorate from Amity University.
Today, Thumbay Group institutions cater to students and healthcare professionals from over 100 nationalities, contributing to workforce development and research-driven healthcare practices. Dr. Moideen is widely regarded as one of the most influential Non-Resident Indians in the Gulf, a respected voice from the Beary community, and a leading Muslim entrepreneur and educationist.
Over the past decades, he has steered Thumbay Group’s expansion into a multi-sector organisation focusing on academic medicine, research-led healthcare, and global education. His initiatives have created opportunities for thousands of healthcare professionals and students while strengthening healthcare delivery systems and academic collaboration across regions.
