Why is the K’taka government inviting investors at WEF for ‘City of the Future’?
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Synopsis
At the World Economic Forum in Davos, Karnataka's Deputy Chief Minister D.K. Shivakumar passionately encouraged global investors to explore opportunities in Bengaluru, highlighting its promising prospects as a technological and medical hub. With a vision for the future, he underscored the city's strategic advantages and the government's commitment to supporting business growth.
Key Takeaways
- Bengaluru is positioned as the city of the future.
- Over 500 global companies operate in Bengaluru.
- The city has a vast talent pool, with 2.5 million engineers.
- Infrastructure plans include a metro expansion and eco-friendly transport.
- Karnataka government is supportive of investment and development.
Davos, Jan 21 (NationPress) Karnataka's Deputy Chief Minister D.K. Shivakumar on Wednesday invited global investors at the World Economic Forum (WEF) in Davos to consider investing in Bengaluru.
“Bengaluru is indeed the city of the future. We enjoy exceptional weather, rich culture, and a skilled workforce. Numerous global enterprises are flourishing in our city. I warmly invite you to explore opportunities here,” stated Deputy CM Shivakumar during his address at the WEF.
“Currently, more than 500 leading global firms are operational in Bengaluru. The city offers a remarkable talent pool across various sectors, including aerospace, IT, and medicine. With 70 medical colleges and 150,000 medical graduates annually, we are poised for collaborative growth,” he elaborated.
“India possesses a vast reservoir of talent, and we are gearing up for the next quarter-century. Bengaluru stands as Asia’s IT Capital. The urban demographic in India has surged to 40%, projected to reach 50% in the next 25 years,” he continued.
“California, known as the world’s IT hub, boasts 1.3 million engineers, while Bengaluru is home to 2.5 million engineers. This highlights Bengaluru’s immense potential. The city is a magnet for global leaders and industrialists. We are committed to enhancing the city’s infrastructure, particularly in transportation,” he added.
He mentioned that Bengaluru's metro system will expand to 153 km by next year, and the city operates 6,000 public buses, with 2,500 of them being electric.
“We have established high-quality transportation infrastructure in our tier 2 and tier 3 cities as well. We are planning for the infrastructural demands of 2045. Karnataka has an effective government and provides full support to investors,” he affirmed.
During the WEF meeting in Davos, Deputy CM D.K. Shivakumar engaged in discussions on Wednesday with World Bank President Ajay Banga and various economic experts from around the globe.
Point of View
It is evident that Karnataka's proactive approach to attracting investments reflects a strategic vision for economic growth. The emphasis on Bengaluru's vast talent pool and infrastructure development showcases the region's potential as a global hub. Engaging with world leaders and economic experts further strengthens Karnataka's position in the international arena, making it a focal point for future investments.
NationPress
22/01/2026
Frequently Asked Questions
What makes Bengaluru a prime investment location?
Bengaluru is recognized as the 'City of the Future' due to its favorable climate, rich culture, and a highly skilled workforce, hosting over 500 global companies.
How is the government supporting investors?
The Karnataka government is committed to developing infrastructure and providing full support to investors, ensuring a conducive environment for business.
What sectors are thriving in Bengaluru?
Bengaluru excels in various sectors including IT, aerospace, and medicine, with a strong talent pool and numerous educational institutions.
What plans are in place for transportation in Bengaluru?
Bengaluru's metro network is set to expand to 153 km by next year, alongside an increase in electric public transport options.
Why is the urban population growth significant?
The urban population in India is projected to grow from 40% to 50% in the next 25 years, highlighting the need for robust infrastructure and investment.
