Karnataka Industries and Infrastructure Minister M B Patil
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SPECIAL ARRANGEMENT
Karnataka has signed 115 MoUs over two years, attracting ₹6.57 lakh crore in investments with potential for two.3 lakhs jobs, famous Industries and Infrastructure Minister M B Patil. The State additionally emerged because the second-highest recipient of overseas direct funding (FDI), exporting items and providers price ₹13.91 lakh crore. It secured the highest place in providers exports and ranked fourth in items exports for 2023–24. He additional acknowledged that the division has launched initiatives geared toward creating 6,00,000 jobs throughout the State.
In the course of the Make investments Karnataka World Traders Meet held in February, MoUs price ₹6,23,970 crore have been signed with 98 firms. Moreover, 1,101 firms obtained approvals for proposals amounting to ₹4,03,533 crore. The State-Degree Single Window Clearance Committees accredited 906 funding initiatives, bringing in capital of about ₹1,13,200 crore. To make sure balanced industrial development, 75 per cent of employment generated will likely be outdoors Bengaluru and 45 per cent in North Karnataka.
At a press convention in Vidhana Soudha, M B Patil acknowledged, “The newly launched Industrial Coverage 2025–30 goals to draw ₹7.5 lakh crore in investments over the following 5 years, with the objective of making employment for 20 lakh folks.” A key new business coverage provides traders the choice to decide on between CapEx subsidies or the production-linked incentive (PLI) scheme.
It was additionally recognised that Bengaluru is rising as Asia’s capital for MRO with firms corresponding to Tata, Indigo and Lockheed Martin taking the lead and the federal government is planning to develop sector particular industrial parks all through the State together with a Pharma Park in Kolar, Photo voltaic Cell Park in Vijayapura, Drone Park in Chitradurga, Mega Logistics Park in Hanumantapura, close to Dabaspet, a Deep Tech Park in Jingamakote, Sidlaghatta taluk, and a Startup Park in Hubballi.
A Information, Innovation, and Sustainable Improvement Zone or “Quantum Metropolis”, a 1,000-acre “Tech Fin Metropolis” are being deliberate close to Bengaluru to help start-ups in AI, knowledge analytics, fintech, and deep tech.
Infrastructure throughout the State can also be growing as India’s first 100-foot U-girders have already been put in beneath the Bengaluru suburban rail mission and there are extra plans of growth with 9 railway line initiatives which can be in progress beneath a 50:50 cost-sharing settlement between the State authorities and Ministry of Railways. The State may even present free land and bear 50 per cent of the price to assemble 51 bridges in areas with greater than 1 lakh prepare car models (TVU) to exchange stage crossings with bridges.
(With inputs from BL intern Divyatha Chilukuri)
Revealed on June 13, 2025
