K'taka's US roadshow generates ₹5,500 cr prospective investments

IN a significant boost to its innovation and technology ecosystem, the state government has wrapped up a 10-day roadshow across the United States, generating prospective investments worth Rs 5,500 crore.

- EXPRESS NEWS SERVICE @ Bengaluru

These investments are expected to span talent acquisition, infrastructure development, Research and Development, and collaborative ventures, collectively projected to create employment opportunities for more than 7,200 individuals, with further investments actively in the pipeline.

Organised by the Department of Electronics, IT and Biotechnology, the roadshow covered Boston, New York, and San Francisco between June 16 and 25. The state-led delegation engaged with over 120 companies, from multinational corporations to startups, visiting leading academic institutions, and hosting roundtables.

Several MoUs and Letters of Intent were signed as part of this initiative.