Bengaluru, June 13, (Karnataka News):
In the last 2 years, 115 MoUs have been signed in the state for an investment of Rs. 6,57,660 crore. This is expected to create about 2,32,771 jobs in the state, said Minister for Large Industries M.B. Patil.
The Minister, who released the book “Pragati Pathada Jandana Naam” (Steps in the Path of Progress), a two-year achievement of the Department of Industries and Commerce, at the Vidhana Soudha Conference Hall today, and later spoke to the media, said that the state-level single window approval committees
He said that 906 investment projects have been approved, which will result in an investment of about Rs. 1,13,200 crore and will provide employment opportunities to 2,23,982 people.
“Invest Karnataka-2025” was organized in the month of February-2025, in which a total of 3,250 entrepreneurs participated, a total of 98 companies signed investment agreements worth Rs. 6,23,970 crore and 1101 companies were approved by various relevant committees to invest Rs. 4,03,533 crore.
These projects are expected to generate an estimated 6,00,000 jobs. Of these, 75% are outside Bengaluru, and 45% are in North Karnataka, he said.
The new Industrial Policy 2025-30 has been launched with an objective of attracting investments of Rs. 7.50 lakh crore in the state and creating employment for 20 lakh people. Investors will have the option to choose between Capex subsidy or PLI. And to ensure balanced industrial development of the state, districts/taluks which are backward in the industrial sector will be given greater encouragement to attract investments.
Karnataka Clean Mobility Policy-2025-30 has been launched with an objective of attracting investments of Rs 50,000 crore in the clean mobility vehicle value chain and creating approximately 100,000 new jobs.
He informed that 18 industrial areas with an area of 44,165 acres have been declared as Special Investment Areas (SIR) under the Karnataka Special Investment Areas Act.
In the first phase, an estimated investment of Rs. 40,000 crore will be made on an area of about 2000 acres on Doddaballapur-Dabaspet road in Bengaluru, creating about 80,000 jobs. Wellbeing Innovation (KWIN) City is being developed. The State Best Export Awards will be presented to 68 top exporters of the state who have made outstanding achievements in the field of exports in the years 2017-18, 2018-19 and 2019-20 in the year 2023-24.
A Strategic Investments Committee has been formed under the chairmanship of the Departmental Minister and 9 Vision Groups have been formed in the sectors of Aerospace & Defence, ESDM, Auto/EV, Machine Tools, Pharma, Core Manufacturing, Industry 5.0, Textiles and Green Energy.
He also said that Karnataka State attracted foreign investment worth Rs. 54,427 crore in 2023-24, ranking 3rd in the country, and attracted foreign investment worth Rs. 56,030 crore in 2024-25, ranking 2nd in the country.
In 2023-24, the state ranked 1st in overall exports with exports of US$ 166,545 million. It ranked 1st in services sectors with exports of US$ 1,39,914 million and 4th in goods exports with exports of US$ 26,631 million. In the state A sophisticated single window portal developed by Microsoft, integrating over 100 approval/sharing/permission/disclaimer services from around 30 departments. The said portal was launched at Invest Karnataka 2025 held in February 2025.The rejuvenation needed to strengthen the manufacturing sector was discussed at the “Production Manthan” conference held on 10.06.2025, in which 6 key sectors were identified, They are Aerospace, Electronics and Semiconductor, Capital Goods and Robotics, Auto and Electric Vehicles, Textiles and FMCG. He said that 80 CEOs from 60 leading companies participated in this conference.
Investments by companies that have paid off in two years:
Rs 22,000 crore from Foxconn. This company has set up the largest mobile phone manufacturing plant outside Taiwan for the first time and will start production soon. 20 million (2 crore) mobile phones will be manufactured here every year. NXP Semiconductors invests $1 billion. Toyota Kirloskar invests Rs 3,700 crore: Toyota is investing in expanding its manufacturing facility.
Rs 3,700 crore from Samvardhan Motherson Company: This company will manufacture electronic components. Rs 5,000 crore from Amvey Energy Private Limited. This company will manufacture solar cells. Rs 315 crore from Krones Company. The objective is to manufacture bottling & packaging equipment.
Rs 2,150 crore from Sunsera Company: Manufacturing of automotive and non-automotive components. Rs 998 crore from DN Solutions: Manufacturing of machine tools. Rs 15,350 crore from Epsilon Group: Manufacturing of anode and cathode materials. Jindal Energy Company to set up 600 MW wind power plant at Rs 4,960 crore. Japanese company Nidec has invested Rs 600 crore in Hubballi-Dharwad. It was inaugurated recently, he said.
The Gas Authority of India is planning to set up a 1,000 MW renewable power plant in the state, with an investment of Rs 5,000 crore. Bengaluru is now set to develop into the ‘Maintenance and Repair Capital of the World’ in the aviation sector.
Accordingly, Air India, IndiGo and Lockheed Martin are setting up their MRO units in the state. For this, Air India – Rs.1450 crore, IndiGo – Rs.1,100 crore, Lokin Martin – Rs.500 crore has been invested. IKF (Invest Karnataka Forum) has been restructured and an IAS officer has been made its CEO. He said that people with industry experience will be appointed and more investments will be made.
KIADB Improvements:
A comprehensive plan worth Rs. 3,600 crore has been prepared to provide water from river sources to industrial areas. Pharma in Srinivasapura, Kolar district Pharma Park, Solar Cell Park in Vijayapura, Drone Park in Chitradurga, Mega Logistics Park in Hanumanthapura near Dabaspet, Shidlaghatta. He said that a deep-tech park will be set up in Jangamkote in the taluk, a startup park on 200 acres in Hubballi, and a jeans park on 154 acres in Sanjeevarayana Kote in Bellary district. Queen City will be built on 5,000 acres on the Dabaspet-Doddaballapura road with an investment of Rs 40,000 crore. Swift City will be built on 1,000 acres near Bengaluru as a hub for startups. Artificial intelligence, data analytics, and fintech industries will be established here.
A tree park is being developed on 105 acres of land in Bangalore where the NGEF factory used to be. MSIL has designed a 200-room boutique and tour package through it. He said that e-commerce system is being implemented in 4 phases soon. In addition, chit fund business with a target of Rs 10,000 crore annual turnover is being launched soon.
KSDL: In 2024-25, it had a turnover of more than Rs 1,700 crore and a profit of Rs 416 crore. It has written a global record. 21 new products have been launched, including premium soap, shower gel, hand wash, drinking water. Fragrances are also being introduced to the market soon. By 2028, the company’s turnover will be taken to Rs 5,000 crore annually.
Hubballi NGEF has now turned a profit. Currently, its transformers are being exported not only in the country but also abroad.Today Demand has increased. In addition to that, several rounds of talks have been held with the Finance Department to revive NGEF, he said.
Infrastructure Department’s progress: There is an intention to upgrade Hubballi and Belgaum airports to international airports. A letter will be written to the Center soon for this.It now takes 15 hours to travel by train from Bengaluru to Vijayapura and Bagalkot. Several meetings have been held with South Western Railway officials to reduce this to 10 hours. He said that in the coming days, trains here will ply via Hubballi bypass.
9 rail line projects in progress: 9 rail line projects are in progress based on 50:50 cost sharing between the state government and the Railway Ministry and steps have been taken to complete them at the earliest In this regard, a meeting was held with Union Minister of State for Railways V. Somanna; appropriate directions to the officials. The total cost of these projects is Rs. 12,147 crore. Of this, the state government’s share is Rs. 5,752 crore. Steps have been taken to expedite the land acquisition process where necessary.
Railway Road Flyover/Underbridge Projects: It has been decided to replace the railway level crossing gates and construct flyovers/underbridges at places where there is more than one lakh TVU (Train Vehicle Unit) traffic. The state government will provide land for this free of cost. , will bear 50 percent of the cost of the work. Accordingly, the Railway Department has taken up the construction work of 51 flyovers/underbridges, he said. Railway Double Track Projects:
The Yeshwanthpur-Channasandra and Baiyappanahalli-Hosur routes are not currently double-tracked. Hence, additional sub-urban train services cannot be started from Yeshwanthpur and Bangalore City railway stations. The government is planning to solve this problem by converting these routes into double-track lines by sharing the cost with the railways in the ratio of 50:50. The work has been undertaken by K-Ride, a joint venture between the Government of Karnataka and Indian Railways. Baiyyappanahalli-Hosur Double Rail Project (42 km): The estimated cost of the project is Rs. 498.73 crore. Out of this, the state government’s share is Rs. 249.36 crore. Yeshwanthpur-Channasandra Double Rail Project (22 km): The estimated cost of the project is Rs. 314.10 crore. Out of this, the state government’s share is Rs. 157.05 crore, he said.
