Karnataka has attracted new industrial investment proposals worth ₹1.53 lakh crore in the 11 months following the Global Investors’ Meet (GIM) held in February last year, Minister for Large and Medium Industries M B Patil said on Saturday. These proposals are in addition to the commitments secured during the GIM.
Speaking ahead of his visit to the World Economic Forum in Davos as part of a high-level state delegation, Patil said the government’s investment outreach is a continuous effort and not limited to the investors’ meet. Leading companies have shown interest in sectors including manufacturing, renewable energy, data centres, and global capability centres (GCCs). The proposals are expected to be submitted to Karnataka Udyog Mitra shortly, after which approvals will be processed swiftly.
Of the total proposed investments, ₹66,293 crore is earmarked for manufacturing and industry, ₹20,913 crore for wind and solar power, ₹12,500 crore for GCCs, and ₹6,350 crore for data centres, Patil said.
He provided details of key investment plans:
Automobile and engines: Toyota Industries Engine Pvt Ltd will invest ₹1,330 crore to manufacture gasoline and hybrid engines at its Jigani facility.
Quantum technology: QpiAI India Pvt Ltd will invest ₹1,136 crore to establish a Quantum Centre of Excellence in Bengaluru.
Electronics: AT&S will invest ₹2,850 crore in Nanjangudu for electronic component manufacturing, while Wipro Hydraulics will invest ₹499 crore to produce copper laminates for electronics and PCB sectors.
Pharmaceuticals: Zenfold Biosciences Pvt Ltd will invest ₹490 crore to manufacture enzymes.
Beverages: Reliance Consumer Products will set up a ₹1,622-crore facility in Vijayapura district to produce and bottle Campa beverages.
Aerospace and electronics: JJG Aerospace will invest ₹470 crore at Doddaballapura for aircraft components, and Yaskawa will invest ₹330 crore to set up an electronic products manufacturing unit.
Renewable energy: Inox Wind will invest ₹305 crore to establish a wind turbine manufacturing unit at Kushtagi in Koppala district.
Technology and data centres: SAP will invest ₹1,960 crore to open its second facility at Devanahalli, Google will invest ₹2,500 crore in Bengaluru, and NTT Data Centres will invest ₹4,000 crore at Devanahalli. Data Samudra (Tele India Data Center) will invest ₹1,350 crore across Mangaluru, Hubballi-Dharawada, and Mysuru.
Food processing: Haldiram Snacks will invest ₹444 crore to establish a snacks manufacturing unit at Vasantha Narasapura in Tumakuru district.
Patil emphasized that these investments reflect Karnataka’s growing appeal as a hub for manufacturing, technology, renewable energy, and high-value industries.
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