BENGALURU, 5 JULY

The State Large and Medium Industries Minister MB Patil announced that the state has secured Rs 5.56 lakh crore in investment commitments for the manufacturing sector during the Global Investors Meet – Invest Karnataka 2025. Notably, proposals worth approximately Rs 3.4 lakh crore, representing 62 per cent of these commitments, have already progressed to formal project applications.

Patil highlighted the effective engagement with investors that has transformed intent into actionable projects, with firms like Krones, Safran, and TASL actively filing applications and initiating groundwork. He also endorsed Karnataka's status as the 'MRO Capital of Asia', bolstered by the operations of IndiGo and Air India, along with TASL’s new Maintenance, Repair, and Overhaul unit.

Additionally, the Minister reported that out of a total of Rs 10.27 lakh crore in investment commitments, Rs 4.34 lakh crore – nearly 42 per cent – have been converted into proposals. He attributed this success to the new State Industrial Policy, praised for its sustainability focus and incentives aimed at fostering local employment, enhancing women’s workforce participation, and promoting R&D in the State.