14/02/2025
Invest Karnataka 2025, held from February 12 to 14 in Bengaluru, showcased the state's dynamic economic landscape, attracting significant global investments across various sectors. The event underscored Karnataka's appeal as a premier destination for industry and innovation.
Key Highlights:
Semiconductor Advancements: U.S.-based Lam Research announced a substantial investment of over ₹100 billion (approximately $1.2 billion) to enhance India's semiconductor ecosystem. This initiative aligns with the national strategy to expand the semiconductor industry, projected to reach $63 billion by 2026.
REUTERS
Diverse Investment Commitments: The summit garnered investment proposals totaling ₹10 trillion (around $115 billion), focusing on sectors such as renewable energy, steel, semiconductors, and automobiles. Notably, JSW Group and Baldota Group committed significant funds to steel and cement projects, while companies like Tata Power and ReNew Pvt. Ltd. pledged investments in renewable energy initiatives.
INDIA BRIEFING
Policy Initiatives: The Karnataka government unveiled the Industrial Policy 2025-30, aiming to create two million jobs by 2029, achieve a 12% annual growth rate in manufacturing, and attract investments worth ₹7.5 trillion (approximately $83.6 billion). The policy emphasizes sustainable industrial practices and the development of high-growth sectors, including electronics system design and manufacturing (ESDM) and advanced manufacturing.
INDIA BRIEFING
Enhanced Business Facilitation: To streamline investment processes, the state introduced a new Single Window System, integrating over 150 services from more than 30 departments. This digital platform aims to simplify approvals, enhance transparency, and improve the ease of doing business in Karnataka.
THE ECONOMIC TIMES
Invest Karnataka 2025 not only highlighted the state's robust infrastructure and skilled workforce but also its commitment to fostering a business-friendly environment through progressive policies and strategic initiatives.
