Bengaluru, 16 Jan

Karnataka has realised investments worth Rs 4.71 lakh crore within 11 months of its Global Investors' Meet held in February 2025, accounting for 46 per cent of the Rs 10.27 lakh crore commitments secured at the event, Minister for Large and Medium Industries MB Patil said on Friday.

Sharing details ahead of his participation in the World Economic Forum at Davos from 19 to 23 January, Patil said the State has seen a rapid conversion of investment commitments into on-ground projects, driven by faster clearances and a fully digital single-window system.

Of the Rs 5.66 lakh crore in manufacturing investment commitments, Rs 3.22 lakh crore has already materialised, reflecting a success rate of 58 per cent. In the renewable energy sector, investments of Rs 1.41 lakh crore have been realised against commitments of Rs 4.25 lakh crore, while the infrastructure development sector has seen Rs 8,500 crore realised out of Rs 45,000 crore committed, he said.

Patil said the State has moved beyond the Memorandum-of-Understanding (MoU) stage by streamlining land allotment, statutory approvals and application processing through a digital single-window platform integrating over 150 services across more than 30 departments.

Patil said that nearly 50 per cent of all investment proposals and about 60 per cent of manufacturing proposals have been submitted through Karnataka Udyog Mitra.