Karnataka’s Investment Drive Gains Traction as 62% of GIM Manufacturing Deals Advance

Image Source: The Hindu

Karnataka’s efforts to turn big investment promises into real projects are starting to pay off. State Industries Minister MB Patil recently shared some encouraging numbers about the progress since the last Global Investors Meet (GIM).

Here’s the main update:

Solid Progress: Of the ₹5.56 lakh crore in manufacturing investments promised at GIM 2025, companies have already filed project applications for about ₹3.4 lakh crore. That’s 62% of the commitments now moving toward actual implementation.

Why It’s Happening: Patil credits this progress to the state’s ongoing conversations with investors and a hands-on approach to solving their concerns. Big names like Krones, Safran, and TASL have already started groundwork in Karnataka.

Aviation Sector Boost: Karnataka is becoming a serious hub for Maintenance, Repair, and Overhaul (MRO) in aviation. IndiGo and Air India already have facilities here, and new projects from TASL and HAL are adding to the momentum.

Across All Sectors: Looking at the bigger picture, Karnataka received investment commitments worth ₹10.27 lakh crore across all sectors at GIM 2025. So far, about 42% of those have turned into formal project proposals.

Policy Push: The state’s new industrial policy is helping, with a focus on sustainability, local jobs, women’s participation, and research incentives.

What’s Next: The government wants to keep this pace up and get even more of these promises off the ground in the coming months.

Source: The Week, Salar News, Times of India