Karnataka targets Rs 7.5 lakh crore investments, 20 lakh jobs by 2030; to host Global Investors Meet in April
The targets have been set under the state's Industrial Policy 2025-30, with Karnataka seeking investments in sectors such as semiconductors, aerospace, artificial intelligence, clean energy, life sciences and electric mobility.
Bengaluru: Karnataka, under Chief Minister D.K. Shivakumar, aims to attract investments worth Rs 7.5 lakh crore and create 20 lakh jobs by 2030, as announced on Thursday. The ambitious targets are part of the state's Industrial Policy 2025-30, with focus on sectors like semiconductors, aerospace, artificial intelligence, clean energy, life sciences, and electric mobility.
Speaking at the Global Investors Meet 2027 curtain-raiser event, Shivakumar highlighted Karnataka's economic growth of 8% last year and the attraction of nearly USD 13 billion in foreign direct investment. The state is also home to over 1,100 Global Capability Centres and contributes to over 40% of India's software exports.
To strengthen investor facilitation, Karnataka has established the Karnataka Udyog Mitra and Invest Karnataka Forum, along with a Single Window System offering over 150 services from 30 departments. Industries Minister M.B. Patil emphasized that investors should build factories, and the entire government must support them, not just one department. Nodal officers will guide investors through approvals and clearances.
Previous Global Investors Meet records show Rs 10.27 lakh crore in investment commitments, with 65% already converted into projects. Operational investments from DN Solutions, Krones, Nidec, Foxconn, and projects from Lam Research, Applied Materials, Wipro Electronic Materials, Jindal Aluminium, and Mahindra Aerospace demonstrate this progress.
The government has launched the Aerospace and Defence Policy 2026-31 targeting Rs 60,000 crore in investments and 60,000 jobs, and the Textile and Apparel Policy 2026-31 aiming for Rs 20,000 crore in investments and five lakh jobs. Additionally, a dedicated investors conclave in North Karnataka will showcase opportunities in Kalyana Karnataka and Kittur Karnataka, expanding industrial development beyond Bengaluru.
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