Karnataka Bags INR 1.53 Lakh Crore New Investment After GIM

Karnataka investments continue to gather pace, with the state attracting ₹1.53 lakh crore in fresh investment proposals in the months following its Global Investors’ Meet (GIM). The inflow was registered in 11 months since the high profile event, indicating that the investors have remained robust long after the peak.

The authorities have verified that they are fresh investment plans and not the promises made at GIM. The projects include manufacturing, electronics, aerospace, data center, renewable energy, and consumer goods, which further reward the state of Karnataka as one of the preferred destinations of large-scale industrial and technology investments.

Large national and international enterprises have declared plans of expansion in Bengaluru, Devanahalli, Nanjangudu, Mysuru, Hubballi-Dharwad and Vijayapura and other industrial barons. A number of projects are on advanced manufacturing, electronic parts, hybrid engines, wind energy equipment and data infrastructure and this is in line with the push of the Karnataka move to diversify beyond IT services.

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Other investments have involved technology-oriented investments, which have helped in improving Karnataka investments through huge investments in data centers and enterprise technology facilities. These projects will boost the digital backbone of the state and generate high value jobs.

The new inflows are in addition to the 10.27 lakh crore of investment commitments obtained in the Global Investors’ Meet and the emphasis is on the long-term outcome of the event. Authorities observed that further policy endorsement, quicker clearance, and robust infrastructure have assisted in transforming intent of investors into tangible plans.

Most of the investments in Karnataka, which have been sustained by its deal momentum and participation at the sector level has strengthened the reputation of the state as being among the most stable and growth-oriented investment destinations in India.