Karnataka Rakes In Investment Commitments Of Rs 10 Lakh Crore
The government also launched Industrial Policy, with an aim to generate 20 lakh jobs and attract Rs 7.5 lakh crore in investments.
The Karnataka government has received investment commitments worth Rs 10.27 lakh crore from companies across sectors and geographies at Global Investor Meet 2025. With the investments, the state expects to generate 6 lakh jobs.
Of the Rs 10.27 lakh crore, Rs 4.03 lakh crore are investment commitments and MoUs worth Rs 6.23 lakh crore are signed. As much as 75% of these investments are outside Bengaluru district, and more than 45% of these investments will be made in North Karnataka.
The major share of investments have been made in the renewable energy sector with 41% of total investments, followed by core manufacturing at 15%, sunrise sectors at 14%, infrastructure and industrial, logistics parks at 11%, general manufacturing at 10%, and startup capital at 9%.
JSW Group is investing Rs 1.2 lakh crore across renewable energy, cement, steel and affiliate businesses, Baldota Steel and Power Ltd. is investing Rs 54,000 crore for an integrated steel plant, Lam Research will be investing Rs 10,000 crore investment for semiconductor equipment manufacturing and R&D, and Volvo Group will be investing Rs 1,400 crore for manufacturing of EV trucks.
Launch Of New Policies
The government also launched Industrial Policy, with an aim to generate 20 lakh jobs and attract Rs 7.5 lakh crore in investments. The policy provides flexible subsidy options, allowing industries to choose between Production-Linked Incentives and capital subsidies. Additional incentives for co-locating R&D and manufacturing units, promoting higher female workforce participation are also being given.
A clean mobility policy was also launched at the summit. The policy aims to attract Rs 50,000 crore in investments across the clean mobility value chain, generating 1 lakh new jobs.
Under the policy, subsidies of up to 25% of the total invested capex across the state including Bengaluru Urban and Bengaluru Rural region, will be provided.
The Karnataka government also launched a single window system, a digital-first platform launched to streamline investment approvals and improve ease of doing business.
