State Attracts Over ₹10.27L-Cr Investments At Global Meet, Likely To Create 600K Jobs: Govt

The Karnataka government has secured investment commitments exceeding ₹10.27 lakh crore at the Invest Karnataka 2025 and the large-scale investments, expected to generate over 600,000 jobs, were announced by minister for large and medium scale industries MB Patil and deputy chief minister DK Shivakumar on Friday.

- HT Correspondent

BENGALURU:

A notable aspect of this investment drive is its emphasis on decentralisation, with nearly 75% of the proposed projects planned outside Bengaluru district and 45% directed towards North Karnataka. "This aligns with our strategic vision of balanced regional growth," said Patil.

"We have received investment proposals of ₹10,27,378 crore, which will create six lakh jobs. Of this, 75% pertains to 'Beyond Bengaluru'. I am happy to share that 45% of these investments will be made in North Karnataka," Patil said.

The investments span across various industries, with manufacturing and emerging sectors, including aerospace, defence, electric vehicles, and Electronic System Design and Manufacturing (ESDM) - securing ₹1.38 lakh crore. Traditional manufacturing industries, covering food processing, textiles, pharmaceuticals, and FMCG, received investments of ₹1.05 lakh crore. Core manufacturing, including steel and cement, attracted ₹1.60 lakh crore, while infrastructure and industrial logistics projects - such as telecom, city gas distribution, and airports - garnered commitments amounting to ₹1.08 lakh crore.