Karnataka Secures Rs 1.53 Lakh Crore Fresh Investment Proposals Since Global Investors’ Meet

Karnataka has attracted fresh industrial investment proposals worth Rs 1.53 lakh crore in the 11 months following the Global Investors’ Meet (GIM) held in February last year, Minister for Large and Medium Industries M B Patil said according to a PTI report.

The proposed investments are in addition to the commitments secured during the flagship summit.

Speaking ahead of his visit to the World Economic Forum in Davos as part of a high-level state delegation, Patil underlined that Karnataka’s investor engagement was an ongoing effort and not confined to periodic summits.

He said sustained outreach by the government had continued to draw interest from leading domestic and global firms across a wide range of sectors.

According to the minister, companies have shown strong intent to invest in manufacturing, renewable energy, data centres and global capability centres (GCCs).

The proposals are expected to be submitted to Karnataka Udyog Mitra shortly, following which the approval process will be fast-tracked.

Manufacturing and industrial projects account for the largest share of the proposed investments at Rs 66,293 crore, followed by Rs 20,913 crore in wind and solar power generation. GCCs have attracted proposals worth Rs 12,500 crore, while data centres account for Rs 6,350 crore.

Among key projects, Toyota Industries Engine Pvt Ltd plans to invest Rs 1,330 crore to manufacture gasoline and hybrid engines at its Jigani facility, while QpiAI India Pvt Ltd will invest Rs 1,136 crore to establish a Quantum Centre of Excellence in Bengaluru.

AT&S has proposed a Rs 2,850 crore electronics manufacturing unit in Nanjangudu, and Wipro Hydraulics plans a Rs 499 crore facility for copper laminates used in electronics and PCB manufacturing.

Reliance Consumer Products will invest Rs 1,622 crore in a beverage manufacturing and bottling unit for Campa products in Vijayapura district.

In the technology and digital infrastructure space, SAP, Google and NTT Data Centres together account for investments exceeding Rs 8,000 crore, with major facilities planned in Bengaluru and Devanahalli.

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