Monday, 16 June 2025: A wrap of news and developments in Karnataka- The new Industrial Policy 2025–30 targets ₹7.5 lakh crore investment and 20 lakh jobs.
Published Jun 16, 2025 | 10:08 AM ⚊ Updated Jun 16, 2025 | 10:08 AM
Karnataka Minister MB Patil. (X)
Synopsis: Karnataka has signed 115 MoUs worth ₹6.57 lakh crore in two years, creating 2.32 lakh jobs. The new Industrial Policy 2025–30 targets ₹7.5 lakh crore investment and 20 lakh jobs. Bengaluru is becoming an aviation MRO hub. A Microsoft-backed investor platform and 18 new industrial areas across 44,000 acres aim to boost infrastructure and balanced regional growth.
Karnataka’s Minister for Industries, M.B. Patil, announced that the state government has attracted substantial investments and is poised for further growth.
Over the past two years, 115 Memorandums of Understanding (MoUs) worth ₹6.57 lakh crore have been signed, which are projected to create over 2.32 lakh jobs.
The minister added that the new Industrial Policy 2025–30 aims for an ambitious ₹7.5 lakh crore in investments and the creation of 20 lakh jobs within five years. He also stated that the recent Global Investors Meet saw the signing of 98 MoUs worth ₹6.23 lakh crore, with another 1,000 companies and ₹4.03 lakh crore in investments currently under consideration, potentially generating a total of 6 lakh jobs.
According to the minister, the government is prioritizing regional balance, aiming to create 45 percent of the new jobs in North Karnataka.
Listing out the achievements, the minister added, “Bengaluru is emerging as a major Maintenance, Repair, and Overhaul (MRO) hub for aviation, with investment commitments from Tata, IndiGo, and Lockheed Martin totaling ₹3,060 crore.”
“A collaboration with Microsoft has led to the launch of a single-window international investor platform, which streamlines over 100 services. Additionally, 18 new industrial areas, including Peenya, are being developed across 44,000 acres to enhance infrastructure and facilitate industrial growth,” he added.
