Investment Summary

 

Total investments committed to Karnataka as part of GIM is INR 10.27 lakh Cr. with employment generation of over 6lakhs. The following table captures the summary of investments.

 

 

Category	Amount (in INR Cr)
Investment commitments recognised/announced	4,03,533
MoUs signed	6,23,845
Total	10,27,378

 

~75% of these investments are outside Bengaluru district.

 

More than 45% of these investmentsare in North Karnataka.

 

Sector-wise investments

 

Below table summarizes the investments across different sectors. The major share is contributed by Renewable Energy (41% of total investments), followed by Manufacturing – Core (15%), Sunrise sectors (14%), Infrastructure & Industrial/ Logistics Parks (11%), General manufacturing (10%) and Startup capital (9%).

 

	Investment commitments recognised/ Announced (in INR Cr.)	MoUs signed (in INR Cr.)	Total (in INR Cr.)
Manufacturing – Sunrise Sectors (A&D, Auto/EV, ESDM, R&D/GCC)	75,274	63,719	1,38,993
Manufacturing – General (Food and Agri, Textiles, pharma, machine tools, FMCG, etc)	52,400	52,619	1,05,019
Manufacturing – Core (Steel, Cement,etc)	16,143	1,43,700	1,59,843
Renewable Energy	81,356	3,44,425	4,25,781
Infrastructure & Industrial/ Logistics (City Gas Distribution, Telecom, Airports, Skilling infra, Data Centres, etc)	88,492	19,382	1,07,874
Startup capital	89,868		89,868
Total	4,03,533	6,23,845	10,27,378

 

Of the projects from the industries department, ~70% of the projects are greenfield projects.

 

List of key investment announcements during Global Investors Meet include

 

1. JSW Group– INR 1,20,000 Cr. across renewable energy, cement, steel and affiliate businesses

1. Baldota Steel & Power Limited – INR 54,000 Cr. investment for an integrated steel plant.
2. Lam Research – INR 10,000 Cr. investment for semiconductor equipment manufacturing and R&D
3. Volvo – INR 1,400 Cr. for manufacturing of EV trucks

5. SamvardhanaMotherson – INR 3,700 Cr. for manufacturing, engineering and assembly facilities

1. Safran – INR 225 Cr. for manufacturing of avionics
2. Honda – INR 600 Cr. For manufacturing of EV 2 Wheelers
3. Emmvee Energy Private Limited – INR 15,000 Cr. investment for manufacturing solar photovoltaic cells and modules.
4. RSOLEC–INR 5000 Cr. towards manufacturing ofsolar ingot wafers
5. International Battery Company – INR 390 Cr. for Li-Ion Cell manufacturing
6. Krones – INR 315 Cr. for bottling machine manufacturing
7. NIDEC – INR 600 Cr. for manufacturing of motors
8. TASL – INR 1,530 Cr. for Helicopter Final Assembly Line (FAL) for Airbus’ H125, Gun manufacturing & other projects
9. Wings Viterra – INR 350 Cr.for multi pulse processing plant

15. Balaji wafers – INR 550 Cr for manufacturing and distribution of salty snacks and wafers

1. Mahindra Susten Pvt Ltd. – INR 36,000 Cr. across renewable energy projects and tourism
2. Hero Future Energies – INR 22,200 Cr. investment for projects in renewable energy, green hydrogen and its derivatives
3. Epsilon Group – INR 15,350 Cr. investment for manufacturing anode and cathode materials.
4. Shree Cement Limited – INR 8,350 Cr. Investment for integrated plant and clinker grinding unit

20. Schneider Electric – INR 2,247 Cr. for manufacturing of electrical products and related Research and Development (R&D) activities
21. Hitachi Energy – INR 1,000 Cr. across manufacturing and R&D
22. Havells – INR 710 Cr. For expansion of existing manufacturing at Tumkur and also new R&D facility in Banglaore

1. Suzlon Energy Ltd. – INR 21,950 Cr. investment for wind power projects and wind turbine generator manufacturing
2. ESR Advisers – INR 2,500 Cr for setting up industrial parks and data centres

25. TVS Motor Company – INR 2,000 Cr. to establish a state-of-art R&D facility

 

In addition, there were 10 KWIN MoUs signedwith both domestic and international universities including MoU signed with St.John’s University from New York, United States of America.

 

In the lead up to GIM, MoU also signed with University of Liverpool for enhanced collaboration between Liverpool and Govt. of Karnataka

 

Day 1 highlights

 

Inauguration Program

 

• The Global Investors Meet – Invest Karnataka 2025 was inaugurated in the presence of by Shri Rajnath Singh ji, Hon’ble Defence Minister of India, Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka, Shri Pralhad Joshi ji, Hon’ble Union Minister and several other dignitarieson 11^th February 2025.

 

• The event brought together a distinguished gathering of industry titans, including Mr. Anand Mahindra, Chairperson, Mahindra & Mahindra Ltd., Mr. Sajjan Jindal, Chairman, JSW Group, Ms. Kiran Mazumdar-Shaw, Chairperson & Founder, Biocon, Ms. Geetanjali Kirloskar, Chairperson & MD, Kirloskar Systems, etc.

 

• The event witnessed remarkable investment commitments, with Karnataka securing MoUs worth INR 6.24L Cr., reinforcing its position as India’s most attractive investment destination. Notable among these were large-scale investments in renewable energy, infrastructure, and manufacturing. JSW Neo Energy Ltd – INR 56,000 Cr. investment for solar, wind, and battery energy storage projects, Baldota Steel & Power Ltd. – INR 54,000 Cr. for an integrated steel plant, etc.

 

• Beyond these mega investments, the state also attracted strategic commitments from key global players in advanced manufacturing and technology. (E.g., Safran – INR 225 Cr. for avionics manufacturing, Schneider Electric – INR 2,247 Cr. for manufacturing of electrical products and R&D,Volvo – INR 1,400 Cr. for manufacturing of EV Trucks,Honda – INR 600 Cr. in electric vehicle manufacturing, etc.)

 

Industrial Policy Launch

 

• The Government of Karnataka unveiled the New Industrial Policy 2025-30. Launched by Hon’ble Deputy Chief Minister, ShriD K Shivakumar, the policy aims to generate 20 lakh jobs and attract INR 7.5 lakh crore in investments. With a strong emphasis on sustainable manufacturing, advanced industries, and balanced regional development, the policy seeks to position Karnataka as a leader in Electronics System Design & Manufacturing (ESDM), Aerospace &Defense, Future Mobility, and Green Industry Practices. The policy also introducesbest-in-class incentives for logistics and warehousingfor the first time.

 

• Key highlights of the policy include
  • Flexible subsidy options, allowing industries to choose between Production-Linked Incentives (PLI) and Capital Subsidies
  • Additional incentives for co-locating R&D and manufacturing units
  • Additional booster incentivespromoting higher female workforce participation
  • Sustainability-focused measures such as capital subsidies for green initiatives, Zero Liquid Discharge (ZLD), and electrification of thermal processes
  • Higher incentives for Zone 1 & Zone 2 with more backward & most backward talukas as per Nanjundappa report receiving 3% and 5% additional incentives
  • Policy also expands Zone 1 coverage to 199 talukas, ensuring equitable industrial benefits across the state.

 

 

Single Window System Launch

 

• Digital-first platformlaunched to streamline investment approvals and improve ease of doing business. Key features include:
  • 150+ business services integratedfrom 30+ state departments and agencies

 

• Online Affidavit-Based Clearance (ABC) mechanism, allowing manufacturing investors to start preparatory activities based on an affidavit submission, reducing delays in project execution.

 

• Integrated Land Management System for seamless access to Karnataka Industrial Areas Development Board (KIADB) services such as land availability, allotment, and building plan approvals.

 

• A GIS-Based Industrial Information System helps investors assess zoning and siting regulations before acquiring land.

 

• Features like a Know-Your-Approval Wizard, an Incentive Wizard and Calculator, and Udyog Mitra Assistant (UMA)—an AI-powered chatbot for real-time multilingual assistance to enhance investor support.

 

 

Day 2 highlights

 

Key Sessions

 

• “Fireside chat on AI, cybersecurity, and government” brought insights from Ann Dunkin (Former CIO, U.S. Department of Energy) and Simon Long (Editor-at-large, The Economist) on strengthening digital resilience in an increasingly uncertain world.

 

• Discussion on “India’s economic trajectory amid global challenges” featuring Montek Singh Ahluwalia and Salman Soz, who explored strategies for sustaining growth in a shifting global landscape.

 

• “Young innovators shaping India’s future”highlighted insights from Parth Jindal (JSW Cement), Jay Kotak (Kotak811), Suzannah Muthoot (Muthoot Housing Finance), and Nikhil Kamath (Zerodha, True Beacon, Gruhas).

 

 

Future of Innovation Expo

 

• Inaugurated by Hon’ble Deputy Chief Minister on 12^th February

 

• 40+ companies featured showcasing cutting-edge products in drone technology, space tech, agri-tech, health tech, and autonomous solutions for industries like manufacturing, aerospace, and defense.

 

• Global leaders such as GE Healthcare, LAM Research, Toyota, and Honeywell presented innovative solutions, while the Karnataka Pavilion highlighted homegrown startups likeFlying Wedge, Bellatrix, Skyserve, and Flux Auto, demonstrating Karnataka’s strength in technology and innovation.

 

Key Highlights of SME Connect

 

• Inaugurated by Hon’ble Deputy Chief Minister on 12^th February

 

• The SME Connect initiative has emerged as a transformative platform, empowering over 1,800 SMEs through 15+ sessions in 10 districts.

 

• With a focus on Industry 4.0 and E-Commerce, the program educated ~2,000 SMEs, fostering digital and technological adoption critical for future-ready enterprises. The active participation of 15 Industry associations underscored the collaborative spirit of the initiative, highlighting its broad appeal and impact at the grassroots level.

 

• 60+ stalls for MSMEsto showcase their innovative products and technologies as part of SME Connect

 

Success Stories Booklet

 

• Highlighted Karnataka’s pioneering advancements in ESDM, Aerospace & Defence, and emerging sectors, showcasing how global investors and homegrown enterprises have shaped its dynamic economy.

 

• More than just a collection of success stories, this booklet reflects Karnataka’s bold vision, resilience, and commitment to sustainable and inclusive development, reinforcing its position as a global investment hub.

 

• Examples of companies featured in the success stories booklet include Gold Plus Glass, Aequs, Airbus, Centum, etc.

 

IK Awards

 

• A grand 1^st edition of Invest Karnataka Awards ceremony celebrated industry pioneers who have played a crucial role in Karnataka’s economic development. The prestigious awards, presented by Shri Piyush Goyal, honored companies excelling in investment, employment generation, R&D, sustainability, and innovation.

 

• The awardees were as follows:

 

Award	Description	Recipient
Industrial Legacy Award	Honors an individual creating a legacy and is a champion of industrial excellence & innovation in Karnataka	Late Shri Vikram Kirloskar (Posthumous Awardee)
Innovation Excellence Award	Highest number of India patents filed from Karnataka	Samsung R&D Institute India-Bangalore
Diversity Leadership Excellence Award	Highest number of females in workforce	Shahi Exports Private Limited
Ecosystem Enabler Award	Largest number of manufacturing clusters in Tier-2/3 regions	Aequs
Pioneer in Karnataka’s R&D Ecosystem Award	1st global R&D center set up in Karnataka	Texas Instruments India
Investor of the Decade Award	Largest investment generator in the last 10 years	JSW Group
Champions of Employment Generation Award	Largest employment generators in manufacturing	Tata Electronics Systems Solutions Private Limited
Champions of Employment Generation Award	Largest employment generators in IT	Infosys
Sunrise Sector Pioneer Award	Largest investments in the sunrise sectors in the past decade (Auto & EV)	Toyota Kirloskar Motor Private Limited
Sunrise Sector Pioneer Award	Largest investments in the sunrise sectors in the past decade (Biotechnology & Life Sciences)	Biocon Group
Sunrise Sector Pioneer Award	Largest investments in the sunrise sectors in the past decade (Aerospace & Defense)	RTX
Sunrise Sector Pioneer Award	Largest investments in the sunrise sectors in the past decade (Aerospace & Defense – Public Sector)	Hindustan Aeronautics Limited
International Procurement Champion Award	Largest procurement from Karnataka by an International Company	Boeing India
Renewable Energy Excellence Award	Highest installed capacity for Renewable Energy	ReNew Private Limited

 

Cultural Program& Dinner

 

• The evening also featured a vibrant cultural showcase celebrating Karnataka’s rich heritage, including performances by Prakash Sontakke Ensemble, Aayana Dance Company, and a breathtaking 3D visual projection on Bangalore Palace.

 

• The day concluded with an exclusive networking dinner, where industry leaders, policymakers, and investors engaged in high-level discussions on Karnataka’s growth trajectory.

 

B2G Meetings

 

• Beyond these marquee events, multiple country sessions and B2G (Business-to-Government) meetings were held.
  • The Global Investors Meet 2025 saw productive discussions with leaders from Norway, Denmark, Japan, Singapore, and other key nations, paving the way for enhanced collaboration in renewable energy, advanced manufacturing, and sustainable development.
  • Delegations from the UK, Singapore, Malaysia, Switzerland, Bahrain, and Denmark actively engaged with Karnataka’s leadership, reaffirming the state’s position as a top investment destination and a hub for international partnerships.

 

 

Day 3 highlights

 

 

Key Sessions

 

• “The Next Mile: Innovations Shaping the Future of Logistics” brought together Martin Lundstedt (Volvo Group), Sandeep Deshmukh (ElasticRun), Chanakya Hridaya (Blackbuck), and Sumit Sharda (Amazon India) to explore advancements in supply chain efficiency.

 

• Industry leaders from Airbus, Safran, Rolls-Royce, and Collins Aerospace, offered insights into India’s growing role in aerospace and defense supply chains.

 

• The session, “From Diverse Paths to a Common Goal,” featured an engaging conversation between filmmaker Kiran Rao, Microsoft India MD Irina Ghose, and Sukhi Singh (Sukhi’s Gourmet Foods), moderated by Lakshmi Pratury (INKtalks), emphasizing the intersection of creativity, leadership, and entrepreneurship.

 

SME Awards

 

The MSME Champion Awards aim to celebrate and honor outstanding achievements by Micro, Small, and Medium Enterprises (MSMEs) across various domains. These awards are a testament to the vital role MSMEs play in driving economic growth, fostering innovation, and generating employment opportunities.

 

Celebrating Excellence Across Four Distinct Award Categories across 28 districts:

 

1. Best Performer in the District: Recognizing MSMEs that have demonstrated exceptional performance and significant contributions within their respective districts.

 

2. Sector Excellence Award: Honoring MSMEs excelling in specific industrial sectors through innovation, growth, and impact.

 

3. Outstanding Women Entrepreneur Award: Acknowledging the achievements of women entrepreneurs leading successful MSMEs and inspiring change.

 

4. Empowerment Achievement Award: Recognizing MSMEs led by or significantly involving individuals with disabilities, celebrating their resilience, entrepreneurial spirit, and remarkable contributions to the business ecosystem.

 

Sl. No.	District	Award category	Sector	Name
1	Bagalkote	Outstanding Woman Entrepreneur Award		Netravati Polypack Private Limited
2	Bagalkote	Best Performer in the District		Krishna Sagar Irrigations
3	Belagavi	Sector Excellence Award	Auto-Auto-Components-and-EV	Gokul MetatechPvt. Ltd.
4	Belagavi	Sector Excellence Award	Clean-Energy	Leo Engineers
5	Belagavi	Best Performer in the District		Vibratec Acoustic Products India Private Limited
6	Bellary	Best Performer in the District		M/S Halleys Blue Steels Private Limited
7	Bengaluru-rural	Sector Excellence Award	others	Colorflex Global Pvt Ltd
8	Bengaluru-rural	Best Performer in the District		Tiea Connectors Pvt Ltd
9	Bengaluru-urban	Sector Excellence Award	Healthcare-Biotech-and-Pharmaceuticals	Barcode Biosciences Pvt Ltd
10	Bidar	Best Performer in the District		Karnataka Paper Industry
11	Chamrajnagar	Best Performer in the District		Chenguang Natural Extracts (India) Pvt Ltd
12	Chikkaballapur	Best Performer in the District		Srivasavi Adhesive Tapes Limited
13	Chitradurga	Best Performer in the District		R RAgrotech
14	Dakshina-kannada	Best Performer in the District		Oshima Systems Private Limited
15	Davangere	Best Performer in the District		Sri Mallikarjuna Industries
16	Dharwad	Best Performer in the District		Shri Sai AgroEquipments Private Limited
17	Gadag	Best Performer in the District		Harsha Home Products
18	Hassan	Best Performer in the District		Tek-Pik Industries Pvt Ltd
19	Haveri	Best Performer in the District		FreshgreenAgro Exports Private Limited
20	Kalaburgi	Best Performer in the District		Sankalp Irrigation Systems
21	Kodagu	Sector Excellence Award	FMCG-Retail-and-Agro-processing	Western Coffee Curers & Exports Private Limited
22	Kolar	Sector Excellence Award	Aerospace-and-Defense	Southfield Coatings Private Limited
23	Kolar	Best Performer in the District		Micropore
24	Koppal	Best Performer in the District		M/S: Nofh Private Limited,
25	Mandya	Best Performer in the District		Rangsons Aerospace Private Limited
26	Mysuru	Sector Excellence Award	ESDM	Strategi Automation Solutions Pvt Ltd
27	Mysuru	Best Performer in the District		Southern Artisans Craft Centre Private Limited
28	Raichur	Sector Excellence Award	Textiles-Handicrafts-and-Handlooms	Sri Nandishwar Gin Press Industries
29	Raichur	Best Performer in the District		Kushi Agro Foods
30	Ramnagara	Sector Excellence Award	Machine-Tools-and-Capital-Goods	Trishul Winding Solutions Pvt
31	Ramnagara	Sector Excellence Award	Core-Manufacturing	Hipl India Pvt Ltd
32	Ramnagara	Best Performer in the District		Kasturi Coconut Processing
33	Tumakuru	Empowerment Acheivement Award		Earthens
34	Tumakuru	Best Performer in the District		System Rack Technologies
35	Udupi	Best Performer in the District		Adithya Exports
36	Uttara-kannada	Best Performer in the District		S M Enterprises
37	Vijayapura	Best Performer in the District		Gajalaxmi Metal Products
38	Yadgir	Best Performer in the District		Asianagro And Food Processing Indutries

 

B2G / B2B Meetings

 

LoI signed with Volvo Group to establish its 4th International Manufacturing Hub in Hoskote, Bangalore, marking a major milestone in Karnataka’s industrial growth. With an investment of INR 1,400 crore, this state-of-the-art facility will expand truck production capacity from 3,000 to 20,000 units annually, generate over 2,000 direct jobs.

In addition to this, the Government of Karnataka also met senior leaders from RTX, EU chamber of commerce, Watlow, Mereena Group, and many more.

 

Day 4 highlights

 

Key Session

 

• The fireside chat on “Thriving in Turbulence: How Nations Can Build Lasting Resilience” featured George Papandreou, former Prime Minister of Greece, and Shashi Tharoor, Indian MP and Chairman of the Parliamentary Standing Committee on External Affairs.
• Moderated by Lakshmi Pratury, the discussion explored strategies for nations to navigate crises, strengthen democratic institutions, and foster economic resilience in an increasingly uncertain world.

 

SME Portal Launch

 

The SME Portal serves as an ongoing platform designed to facilitate vendor development and build a robust supply chain ecosystem for SMEs. It acts as a central hub for businesses to interact, share resources, and streamline their processes. By enabling connections and fostering collaboration, the portal supports SMEs in scaling their operations and positioning themselves as reliable vendors for larger organizations. One of the standout features of the portal is its AI-based matchmaking system, which intelligently connects buyers and sellers based on their requirements, capabilities, and business profiles. This advanced functionality ensures that SMEs find the most relevant opportunities, creating seamless and efficient linkages within the supply chain ecosystem.

 

Key benefits of the portal include:

Vendor Development: The platform helps SMEs integrate into larger supply chains, establishing themselves as key players in vendor networks.

 

Ecosystem Building: By connecting SMEs with buyers, industry leaders, and resources, the portal strengthens Karnataka’s industrial ecosystem and fosters sustainable growth.

 

Market Visibility: It provides SMEs with opportunities to showcase their capabilities and offerings to a broader audience.

 

The portal is already operational and accepting registrations, with its official launch conducted at the closing ceremony of Invest Karnataka 2025. This milestone event will further emphasize the portal’s critical role as a tool for driving Karnataka’s industrial strategy, empowering SMEs to thrive in an increasingly competitive marketplace.

 

Clean Mobility Policy Launch

 

Clean Mobility Policy was launched by Shri K J George, Hon’ble Energy Minister

 

Key Highlights of the Karnataka Clean Mobility Policy 2025-2030:

 

• Massive Investment & Job Creation – The policy aims to attract ₹50,000 crore in investments across the clean mobility value chain, generating 1 lakh new jobs.

 

• Attractive incentive package – Subsidy of upto 25% of the total invested capex across the state including Bengaluru Urban and Bengaluru Rural region (20% capex subsidy)

 

• Strengthening Karnataka’s EV Leadership – Karnataka already has 2.5 lakh registered EVs and 5,403 EV charging stations, making it the third-highest EV adopter in India. The state plans to install 2,600 more charging stations in public-private partnerships.

 

• Clean Mobility Clusters – The state will develop three world-class mobility clusters in Gauribidanur, Dharwad, and Harohalli, integrating OEMs, suppliers, R&D, and testing facilities to boost innovation and manufacturing.

 

• Charging & Hydrogen Infrastructure – The policy introduces capital subsidies for fast-charging stations, battery-swapping networks, and hydrogen stations, ensuring a robust clean energy network across Karnataka.

 

• Boosting Innovation & Skill Development – The state is partnering with global institutions and expanding EV-focused training programs in ITI, polytechnics, and universities to create a specialized workforce for the clean mobility sector.

 

Industry 4.0 Felicitation

 

As part of SME connect, Industry 4.0 training has been conducted by NASSCOM to ~2000 SMEs over 15+ districts. Industry 4.0 solutions are being implemented in 100 select SMEs

 

Few examples include

1. AI-powered camera-based quality inspection for FRP tubes and polycarbonate goggles for compliance and automate QC
2. Real-time monitoring of fish product yield, machine performance, and operator availability to optimize seasonal operations
3. Automation of inventory and production processes to eliminate manual errors, improve tracking, and enhance operational efficiency

 

Some of these SMEs were recognized for early adoption of Industry 4.0 in their organizations.

 

VentuRISE award winners & felicitation

 

VentuRISE has demonstrated unparalleled success in driving entrepreneurial innovation. The competition had 900 applications, and 170 startupswere invited to participate in the TGS 2024 VentuRISE track.

 

After a rigorous competition between 45 startups, the following companies emerged as the winners:

 

Sector	Winner	First Runner up	Second Runner Up
A&D	Nautical Wings Aerospace	SiriNor Technologies India Pvt Ltd	Nabhdrishti Aerospace Pvt Ltd
ESDM	Zepco Technologies Pvt Ltd	Medblue Innovations Pvt Ltd	Vyuhaa Med Data Pvt Ltd
EV / Clean Mobility	InfinityX Innovations Pvt Ltd	Li-Circle	E2SVD Pvt Ltd

 

Miscellaneous

 

Country Partners & Pavilions

• 19 country partners and 9 country pavilions for Global Investors Meet

 

The detailed list is as follows  :

 

Country Partner	Country Pavilion (Y/N)
Australia
United Kingdom
South Korea	Yes
France
Italy	Yes
Norway
Israel
Netherlands	Yes
Japan	Yes
Thailand	Yes
Taiwan	Yes
Poland
Slovenia
Denmark	Yes
Malaysia	Yes
Switzerland
Bahrain
Singapore
Germany	Yes