Karnataka to receive $6.2 billion investment: Minister Priyank Kharge

Minister Priyank Kharge said Karnataka will not be just a steel capital but an innovation capital in Asia.

ByPTI

Published Jun 26, 2024 | 2:59 PM Updated Jun 26, 2024 | 2:59 PM

Karnataka contributes 22% to global R&D, says Priyank Kharge

Karnataka Minister Priyank Kharge on Tuesday, 25 June, said a $6.2 billion investment is expected from its roadshows in Massachusetts, California, London, Paris, Geneva and Munich.

The minister, who holds the Electronics, Information Technology and Bio-Technology portfolio, said he met several business leaders in these cities and received encouraging responses from the investors due to the talent pool available in Karnataka.

“An investment of $6.2 billion is expected. Our government is committed to bringing investment in Karnataka from abroad,” Kharge said at a press conference.

He also said the proposed GCCs will create 35,000 to 40,000 jobs in the state.

The minister said Karnataka will not be just a steel capital but an innovation capital in Asia.

Stating that “the human resource in Karnataka is very much in demand,” the minister said, “We are competing with Europe and America.”

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