Karnataka Attracts $115 Billion in Investment Proposals, Targets Job Creation

Karnataka's 'Invest Karnataka 2025' summit has attracted investment proposals worth approximately ₹10.27 lakh crore (about $115 billion), primarily focused on manufacturing and renewable energy. Key commitments include JSW Group's ₹1.2 lakh crore investment to expand steel production and Tata Power's ₹50,000 crore for renewable projects. The Karnataka government aims to create 20 lakh jobs by 2029 with its new Industrial Policy, which emphasizes a streamlined single-window clearance system to enhance the business environment. Significant investments from companies like Mahindra Group and Lam Research highlight the state's growing prominence in sectors such as electric vehicles and semiconductor manufacturing. The majority of these investments are anticipated to occur beyond Bengaluru, particularly in North Karnataka, aligning with the government's goal of balanced regional development. Overall, the summit underscores Karnataka's appeal to investors amid India's push for domestic manufacturing and sustainable growth.