Karnataka receives Rs 10.27 lakh crore investment proposals during investors' meet, likely to generate 6 lakh jobs

Patil also said that 70 percent of the investment commitments are in Beyond Bengaluru clusters. "Even more encouraging is that nearly 75% of these investments are outside Bengaluru district, with over 45% concentrated in North Karnataka. This aligns with our vision for balanced regional growth."

Also, read: Karnataka Clean Mobility Policy 2025-2030 targets Rs 50,000 crore investments, 1 lakh jobs

According to industries department, major share is contributed by renewable energy (41  percent of total investments), followed by manufacturing – core (15 percent), sunrise sectors (14 percent), infrastructure & industrial/ logistics parks (11 percent), general manufacturing (10) and startup capital (9 percent).

This total investment proposals are: sunrise sectors (A&D, Auto/EV, ESDM, R&D/GCC): Rs 1.38 lakh crore, manufacturing - general (food and agri, textiles, pharma, machine tools, FMCG, etc): Rs 1.05 lakh crore, manufacturing - core (steel, cement,etc): Rs 1.59 lakh crore, renewable energy (Rs 4.25 lakh crore), infrastructure & industrial/logistics (city gas distribution, telecom, airports, skilling infra, data centres, etc) (1.07 lakh crore) and startup capital (89,864 crore).

"Of the projects from the industries department, 70% of the projects are greenfield projects" said Patil.

List of key investment announcements during Global Investors Meet include

• JSW Group – Rs 1.2 lakh crore across renewable energy, cement, steel and affiliate businesses


• Baldota Steel & Power Limited – Rs 54,000 crore investment for an integrated steel plant.


• Lam Research - Rs 10,000 crore investment for semiconductor equipment manufacturing and R&D


•  Volvo – Rs 1,400 crore for manufacturing of EV trucks


• Samvardhana Motherson – Rs 3,700 crore for manufacturing, engineering and assembly facilities


• Safran – Rs 225 crore for manufacturing of avionics


•  Honda – Rs 600 crore for manufacturing of EV two-wheelers


•  Emmvee Energy Private Limited – Rs 15,000 crore investment for manufacturing solar photovoltaic cells and modules.


•  RSOLEC – Rs 5000 crore towards manufacturing of solar ingot wafers


•  International Battery Company – Rs 390 crore for Li-Ion Cell manufacturing


•  Krones – Rs 315 crore for bottling machine manufacturing


•  NIDEC – Rs 600 crore for manufacturing of motors


•  TASL – Rs 1,530 crore for Helicopter Final Assembly Line (FAL) for Airbus’ H125, Gun manufacturing & other projects


• Wings Viterra – Rs 350 crore for multi pulse processing plant


• Balaji wafers – Rs 550 crore for manufacturing and distribution of salty snacks and wafer


• Mahindra Susten Pvt Ltd – Rs 36,000 crore across renewable energy projects and tourism


• Hero Future Energies – Rs 22,200 crore investment for projects in renewable energy, green hydrogen and its derivatives


•  Epsilon Group – Rs 15,350 crore investment for manufacturing anode and cathode materials.


• Shree Cement Limited – Rs 8,350 crore Investment for integrated plant and clinker grinding unit


•  Schneider Electric – Rs 2,247 crore for manufacturing of electrical products and related Research and Development (R&D) activities


• Hitachi Energy – Rs 1,000 crore across manufacturing and R&D


•  Havells – Rs 710 crore for expansion of existing manufacturing at Tumakuru and also new R&D facility in Bengaluru


• Suzlon Energy Ltd – Rs 21,950 crore investment for wind power projects and wind turbine generator manufacturing


• ESR Advisers – Rs 2,500 crore for setting up industrial parks and data centres


• TVS Motor Company – Rs 2,000 crore to establish a state-of-art R&D facility