Karnataka's Investment Boom: ₹6.57 Lakh Crore & 2.3 Lakh New Jobs

Karnataka has solidified its position as a leading destination for investments and exports, with Industries and Infrastructure Minister M. B. Patil announcing an impressive ₹6.57 lakh crore in investments through 115 Memoranda of Understanding (MoUs) signed over the past two years. These investments are expected to generate approximately 2.3 lakh new jobs across the state.

Speaking at a press conference at Vidhana Soudha, Minister Patil underscored Karnataka’s robust economic performance. The state ranks as the second-highest recipient of foreign direct investment (FDI) in India and has demonstrated significant export strength, with total exports of goods and services reaching ₹13.91 lakh crore globally in FY 2023–24. Karnataka led the nation in services exports and secured fourth place in goods exports.

To drive employment, the Industries Department has launched targeted initiatives aimed at creating six lakh jobs statewide. A significant share of recent investment commitments originated from the Invest Karnataka Global Investors Meet held in February 2025, where 98 companies signed MoUs worth ₹6,23,970 crore. Additionally, 1,101 companies received approvals for proposals totaling ₹4,03,533 crore. The State-Level Single Window Clearance Committees have played a key role, approving 906 investment projects valued at around ₹1,13,200 crore.

In line with its inclusive growth strategy, the state’s industrial policy mandates that 75% of new employment be generated outside Bengaluru, with 45% specifically targeted for North Karnataka to address regional disparities.

Looking ahead, Minister Patil introduced the new Industrial Policy 2025–30, which aims to attract ₹7.5 lakh crore in investments and create 20 lakh employment opportunities over the next five years. A key feature of the policy is its investor-friendly approach, offering flexibility between capital expenditure (CapEx) subsidies and production-linked incentive (PLI) schemes to cater to diverse investment needs.

News by Rahul Yelligetti.