Minister for Large and Medium Industries Murugesh Nirani on Monday said the Israel-based International Semiconductor Consortium (ISMC) has shown interest in investing about ₹23,000 crore in Mysuru, which is witnessing rapid industrialisation.
Speaking after inaugurating ‘Kaigarika Dasara’ as part of Dasara festivities here, Mr. Nirani said ISMC has signed an MoU with the State government for establishing a semiconductor unit in Mysuru. “The investment will create umpteen number of jobs in the region,” he claimed.
He said the BJP government in the State has laid emphasis on developing Tier-II and Tier-III cities industrially with Bengaluru already witnessing rapid expansion. Mysuru is also one of the focus cities in the State for expanding industrial growth.
