Published On:February 12 2025
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Karnataka to Establish 12 Investment Zones Across 30,000 Acres: MB Patil.
Karnataka will establish 12 new investment zones spanning 30,000 acres to boost industrial development, Large and Medium Industries Minister M B Patil announced at the inaugural GIM Investor Karnataka 25 event recently. The new zones will complement over 200 existing industrial areas in the state.
The minister said the government has earmarked ₹3,800 crore to provide clean water to industrial areas while ensuring world-class infrastructure to attract investors. A cluster-based policy has been adopted to enhance efficiency and reduce production costs, with dedicated clusters for aerospace and defence, electric vehicles, pharmaceuticals, deep-tech, and drone manufacturing.
The Karnataka Industrial Areas Development Board (KIADB) has already developed over 85,000 acres of industrial land, housing more than 25,000 industries. “With increasing competition from China and global economic uncertainties, Karnataka is determined to redefine its industrial landscape. By leveraging digital transformation, eco-friendly initiatives, and enhanced competitiveness, the state aims to become a global manufacturing and innovation hub,” Patil said.
The government is also prioritizing digital transformation in the industrial sector while promoting sustainability and emission reduction. Additionally, efforts are underway to support small and medium enterprises (SMEs), which employ 55 lakh people across 8 lakh MSME units, driving job creation and economic growth.
HBL