Karnataka attracted several new industrial proposals and investments worth ₹1.53 crore in 11 months after the state’s biannual Global Investors’ Meet (GIM) exploratory exhibition was held in February 2025, Minister for Large and Medium Industries MB Patil said here on Saturday.
He said these investments were in addition to the commitments secured by the state during the GIM. Karnataka’s efforts to attract investment have been continuous in nature and will not be limited to GIM alone, he said ahead of his visit to the World Economic Forum summit in Davos, where he will be part of a high-level delegation.
In key sectors
According to Mr. Patil, several leading companies have expressed interest in investing across key sectors such as manufacturing, renewable energy, data centers and global capacity centers (GCCs). “These proposals are expected to be submitted to the Karnataka Udyog Mitra in the coming days, after which the subsequent approval processes will be initiated expeditiously,” he added.
Sharing the breakdown of these new investments, the minister said that ₹66,293 crore was in the manufacturing and industrial sector, ₹20,913 crore came from the wind and solar power generation segment, ₹12,500 crore for setting up GCCs and ₹6,350 crore for setting up data centres.
Some players
Among the key investments, he said, Toyota Industries Engine will invest ₹1,330 crore in the production of petrol and hybrid engines at its Jigani plant; QAI India invests ₹1,136 crore to set up Quantum Center of Excellence in Bengaluru; AT&S invests ₹ 2,850 crore in Nanjangud to manufacture electronic components; Wipro Hydraulics would invest ₹499 crore in the production of copper laminates needed for the electronics and PCB industries and Biosciences would invest ₹490 crore in the production of enzymes used in the pharmaceutical sector.
The minister further said that Reliance Consumer Products will set up a ₹ 1,622 crore beverage plant at Mulawad Industrial Area (Phase-2) in Vijayapura district to manufacture and bottle Campa Cola products.
In addition, JJG Aerospace would invest ₹470 crore at Adinarayanahosahalli in Doddaballapura to manufacture aircraft components. Yaskawa would invest ₹330 crore to set up an electronic products manufacturing unit in the same industrial area. Inox Wind would also invest ₹305 crore to set up a wind turbine manufacturing unit at Kushtagi in Koppal district.
Tech firms SAP India would invest ₹1,960 crore to open its second plant in Devanahalli; Google India would invest ₹2,500 crore in Bengaluru, while NTT (Data Centres) is investing ₹4,000 crore to set up data centers in Devanahalli. Data Samudra (Tele India Data Center) would invest ₹1,350 crore in Mangaluru, Hubballi-Dharwad and Mysuru and Haldiram Snacks would invest ₹444 crore to set up a snack manufacturing unit at Vasantha Narasapura in Tumakuru district, the minister explained.
Published – 17 Jan 2026 20:11 IST