Karnataka’s Post-GIM Boom: A ₹1.53 Trillion Reality Check

Karnataka has secured fresh industrial investments and proposals worth ₹1.53 lakh crore in the 11 months following the state’s Global Investors’ Meet (GIM) held in February 2025, further strengthening its position as a leading investment destination.

Minister for Large and Medium Industries M.B. Patil said the new investments complement the commitments announced during the GIM. Ahead of his visit to the World Economic Forum (WEF) annual meeting in Davos, he noted that several global and domestic companies are considering investments across key sectors, including manufacturing, renewable energy, data centres, and global capability centres (GCCs).

Major confirmed investments include ₹1,330 crore by Toyota Industries for the manufacture of gasoline and hybrid engines, and ₹1,136 crore by QAI India to set up a Quantum Centre of Excellence in Bengaluru. AT&S has committed ₹2,850 crore to establish an electronic components facility in Nanjangud, while Wipro Hydraulics plans to invest ₹499 crore in copper laminate manufacturing.

In the consumer and aerospace segments, Reliance Consumer Products will set up a ₹1,622-crore beverage manufacturing plant in Vijayapura, JJG Aerospace will invest ₹470 crore in aircraft components manufacturing, and Yaskawa has announced a ₹330-crore electronics manufacturing unit in Doddaballapura. In the technology and digital infrastructure space, SAP India plans an investment of ₹1,960 crore in Devanahalli, Google India will invest ₹2,500 crore in Bengaluru, NTT will commit ₹4,000 crore towards data centres at Devanahalli, and Data Samudra will invest ₹1,350 crore across multiple locations in the state.

News by Rahul Yelligetti.