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K'TAKA EYES RS 1.4 LAKH CRORE INVEST YEARLY TO BOOST STATE ECONOMY
The Business Guardian
|January 23, 2024
The state has garnered big-ticket investment proposals from prominent entities such as Foxconn, IBC, AMD, Qualcomm, Applied Materials, Marubeni, and Tata Technologies
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The Karnataka government has unveiled a series of strategic initiatives with the goal of luring investments totaling Rs 1.40 trillion annually, marking a 75 per cent surge from the present figure. The overarching plan is to secure a cumulative investment of Rs 7 trillion over the next five years, positioning Karnataka as a premier investment hub in Asia for cuttingedge technology and advanced manufacturing.
M B Patil, the Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka, conveyed, “Our government has implemented various measures to transform Karnataka into a state conducive to industry.”
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