Bengaluru, Feb 11 Karnataka Chief Minister Siddaramaiah appealed to investors at the Global Investors Meet (GIM) in Bengaluru to partner with the state to script a new chapter of success.
Addressing the gathering, Siddaramaiah appealed, “To all the global investors gathered here, I say this – the time to invest in Karnataka is now. Partner with us, innovate with us and grow with us. Let us script a new chapter of success and prosperity.”
He stated, the New Industrial Policy 2025-30 outlines Karnataka's ambitious vision to drive innovation, sustainability, and inclusive growth, aiming for a 12 per cent annual growth rate in the manufacturing sector, while targeting Rs 7.5 lakh crore in investments and creating 20 lakh jobs by 2030.
“Karnataka has always been at the forefront of India’s economic transformation, and today, we reaffirm our commitment to being the most investor-friendly state in the country. With a stable policy environment, proactive governance, and a business-friendly ecosystem, we ensure that every investment made here thrives and contributes to inclusive and sustainable growth,” he said.
Meanwhile, Deputy Chief Minister D.K. Shivakumar stated: “We are focused on execution. Karnataka is not a state of promises; it is a state of delivery. Industries Minister M.B. Patil, IT and BT Minister Priyank Kharge, and Energy Minister K.J. George were present here, and in my view, an investment inflow of approximately Rs 10 lakh crore is expected.”
Large and Medium Industries Minister M B Patil, speaking at the inaugural event of GIM, announced that Karnataka will establish 12 new investment zones across 30,000 acres, alongside over 200 existing industrial areas.
Patil said these zones will be equipped with world-class infrastructure, with Rs 3,800 crore allocated for providing clean water to industrial areas.
He said the government’s policy is focused on reducing production costs while improving efficiency. To achieve this, a “cluster-based policy” has been adopted, which involves setting up clusters for aerospace and defence, electric vehicle manufacturing, pharma, deep-tech, and drone parks across the state.
At the Global Investors' Meet, more than 5,000 business representatives, along with several ambassadors from different countries, participated.
Chief Minister Siddaramaiah also launched Karnataka’s revamped Single Window System aimed at improving ease of doing business in the state.
He said the new system will simplify approvals, reduce compliance burdens, and fast-track industrial investments while ensuring transparency and efficiency. The system integrates over 150 business services across 30 state departments.
--IANS
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