Held at Bengaluru Palace Grounds and inaugurated by Defence Minister Rajnath Singh, the event attracted global leaders and innovators, with the first day seeing record-breaking investment proposals in renewable energy, manufacturing, and technology sectors
Published Feb 12, 2025 | 10:55 PM ⚊ Updated Feb 12, 2025 | 10:55 PM
Massive investments pour in at Invest Karnataka 2025
Synopsis: At the Invest Karnataka 2025 Global Investors’ Meet, Karnataka cemented its position as India’s top investment destination, attracting record-breaking commitments across sectors like renewable energy, manufacturing, and technology. Inaugurated by Defence Minister Rajnath Singh, the summit saw major investments, including ₹56,000 crore from JSW Neo Energy and ₹50,000 crore from Tata Power Renewable Energy, boosting the state’s sustainable growth and industrial development.
At the Invest Karnataka 2025 – Global Investors’ Meet, the state of Karnataka reinforced its dominance as India’s premier investment destination by attracting a wave of substantial commitments.
The event being held at the Bengaluru Palace Grounds, has drawn in global industry leaders, policymakers, and innovators.
Inaugurated by Defence Minister Rajnath Singh, the first day witnessed record-breaking investment proposals across diverse sectors, including renewable energy, manufacturing, and technology.
Chief Minister Siddaramaiah reiterated the state’s dedication to sustainable and inclusive economic development and said that, “Karnataka has always been at the forefront of India’s economic transformation, and today, we reaffirm our commitment to being the most investor-friendly state in the country.”
• JSW Neo Energy Ltd. – ₹56,000 crore towards solar and wind energy projects, battery storage systems, blade manufacturing, and a Wind Turbine Generator plant.
• Baldota Steel & Power Limited – ₹54,000 crore for an integrated steel plant, bolstering Karnataka’s manufacturing might.
• Tata Power Renewable Energy Ltd. – ₹50,000 crore for renewable energy projects and rooftop solutions across the state.
• ReNew Pvt. Ltd. – ₹50,000 crore to establish 4GW of renewable energy projects, furthering Karnataka’s green energy transition.
• Serentica Renewables India Pvt. Ltd. – ₹43,975 crore to develop extensive renewable energy infrastructure.
In a significant boost to India’s semiconductor ambitions, Lam Research, a US-based leader in semiconductor manufacturing tools, announced a ₹10,000 crore investment in Karnataka.
Furthermore, Tata Advanced Systems Limited (TASL) expanded its presence in the state with a new Maintenance, Repair, and Overhaul (MRO) facility for the Indian Air Force’s C-130J fleet.
Deputy Chief Minister DK Shivakumar unveiled Karnataka’s Industrial Policy 2025-30, targeting ₹7.5 lakh crore in investments and the creation of 20 lakh jobs within the next five years.
“Our goal is to ensure balanced growth across regions by promoting industrial development beyond Bengaluru, particularly in backward areas,” he stated.
To streamline project approvals, Chief Minister Siddaramaiah launched an enhanced Single Window Clearance System, developed in partnership with Microsoft. This platform integrates over 150 services from more than 30 state departments, significantly reducing bureaucratic hurdles.
Furthermore, Minister for Large and Medium Industries & Infrastructure Development, MB Patil, announced the development of sector-specific industrial parks across the state, including an Advanced Pharma Park in Kolar, a Solar Cell Manufacturing Plant in Vijayapura, a Drone Park in Chitradurga, a Deep-Tech Park in Jangamanakote, a Mega Logistics Park in Dabaspet, and EV Clusters in Chikkaballapura and Dharwad.
The summit witnessed participation from representatives of 19 countries, fostering international collaborations and showcasing Karnataka’s investment potential on a global stage. The event also featured an expo highlighting cross-sector partnerships and technological advancements.
(Edited by Ananya Rao)
