Over 75 percent of the investments announced at the investors meet are outside Bengaluru district and more than 45 percent of the investments announced go to north Karnataka region having most backward and more backward taluks in Karnataka
Bengaluru: A total of Rs 10.27 lakh crore investments has been committed by investors including both within and from foreign countries to Karnataka in the four-day Invest Karnataka-2025, a global investors meet in Bengaluru city organized at Bangalore Palace Grounds.
Renewable energy got a major share in the investments committed to Karnataka from the investors and they set their eyes outside Bengaluru. Minister of Large and Medium Scale Industries M.B. Patil expressed happiness over 75 percent of the investments announced at the investors meet are outside Bengaluru district and more than 45 percent of the investments announced go to north Karnataka region having most backward and more backward taluks in Karnataka as per the Dr Nanjudappa Report on Redressal of Regional Imbalances.
The investments signed or announced at the global investors meet is expected to generate over 6 lakh jobs in coming years. Of the commitments made by investors to Karnataka, the Minister of Large and Medium Scale Industries M.B. Patil after the valedictory function of the meet stated Rs 6.223, 845 crore Memorandum of Understandings (MoUs) were signed while investments commitments announced at the event stood at Rs 4, 03, 533.
It may be recalled here the new industrial policy of the State Government 2025-2030 released by Deputy Chief Minister D.K. Shivakumar on Tuesday at the investors meet offers financial incentives to investors going beyond Bengaluru.
Among the investments drawn by various sectors, Patil said, renewable energy sector got a major share in investments at the investors meet and the accounted for 41 percent of the share followed by manufacturing sector accounted for 15 percent share in investments, Sunrise sectors had share of 14 percent, infrastructure and industry/logistics parks derived 11 percent investments, general manufacturing accounted for 10 percent of investments and Startup capital accounted for investment share of 9 percent.
Some of the key investments announced at the investors meet include JSW Group of Rs 1, 20,000 crore across renewable energy, cement, steel and affiliate businesses, Baldota Steel and Power Limited made an announcement of Rs 54,000 crore investment for an integrated steel plant, Lam Research announced investment of Rs 10,000 crore for its semiconductor equipment manufacturing and research and development, Volvo stated to invest Rs 1,400 crore for manufacturing electric vehicles trucks, Honda to start electric vehicles two-wheelers with an investment of Rs 600 crore and Hero Future Energies to invest Rs 22, 20 crore for its projects in renewable energy, green hydrogen and its derivatives.
Shree Cement Limited to invest Rs 8, 350 crore for its integrated plant and clinker grinding unit, Mahindra Susten Private Limited to invest Rs 36,000 crore across renewable energy projects and tourism, Suzlon Energy Limited to invest 211, 950 crore for wind power projects and turbine generator manufacturing among others.
Meanwhile, Minister of Energy K.J. George on Friday launched ‘Clean Mobility Policy 2025-2030 at the valedictory of Invest Karnataka-2025. The Clean Mobility policy of the State Government aims to attract massive investment of Rs 50,000 crore and job creation of 1 lakh. The policy aims to strengthen Karnataka’s electric vehicle leadership, clean mobility clusters, boosting innovation and skill development and charging and hydrogen infrastructure.
