Karnataka Industries Minister Highlights ₹6.57 Lakh Crore Investment Inflow.

Karnataka has emerged as a powerhouse for investment and exports, with Industries and Infrastructure Minister M B Patil announcing a remarkable inflow of ₹6.57 lakh crore in investments through 115 Memoranda of Understanding (MoUs) signed over the past two years. This substantial investment is projected to create 2.3 lakh new jobs across the state.

Speaking at a press conference in Vidhana Soudha, Minister Patil highlighted Karnataka's strong economic performance. The state has secured its position as the second-highest recipient of foreign direct investment (FDI) in India and has demonstrated robust export capabilities, sending goods and services worth ₹13.91 lakh crore globally. Notably, Karnataka topped the nation in services exports and ranked fourth in goods exports for the fiscal year 2023-24.

Driving the state's employment agenda, Patil affirmed that the Industries department has launched various initiatives with the ambitious goal of generating 600,000 jobs throughout Karnataka.

A significant portion of the recent investment pledges came from the Invest Karnataka Global Investors Meet, held in February 2025. During this event, MoUs worth ₹6,23,970 crore were signed with 98 companies. Furthermore, 1,101 companies received approvals for proposals amounting to ₹4,03,533 crore. The State-Level Single Window Clearance Committees have also been instrumental, approving 906 investment projects totaling approximately ₹1,13,200 crore.In a move to ensure equitable growth, the state's industrial policy mandates that 75 percent of the newly generated employment will be outside Bengaluru, with 45 percent specifically targeted for North Karnataka, aiming to address regional imbalances.

Looking ahead, Minister Patil unveiled the newly launched Industrial Policy 2025–30, which sets an ambitious target to attract ₹7.5 lakh crore in investments over the next five years, with the ultimate goal of creating 20 lakh employment opportunities. A key feature of this new policy is the flexibility offered to investors: they can choose between capital expenditure (CapEx) subsidies or the production-linked incentive (PLI) scheme, providing tailored support for different types of investments.