Siddaramaiah Invites Investors to Create a New Era of Success at GIM
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Synopsis
At the Global Investors Meet in Bengaluru, Karnataka Chief Minister Siddaramaiah urged global investors to join the state in a collaborative effort to establish a new era of growth. With ambitious plans outlined under the New Industrial Policy 2025-30, Karnataka aims for substantial investment and job creation by 2030.
Key Takeaways
- Karnataka targets Rs 7.5 lakh crore in investments by 2030.
- Creation of 20 lakh jobs is a key goal.
- Introduction of 12 new investment zones across 30,000 acres.
- Focus on a cluster-based policy for various industries.
- Revamped Single Window System to streamline business processes.
Bengaluru, Feb 11 (NationPress) Karnataka's Chief Minister Siddaramaiah encouraged investors at the Global Investors Meet (GIM) in Bengaluru to collaborate with the state and create a new chapter of success.
During his address, Siddaramaiah stated, “To all the global investors assembled here, I urge you – the moment to invest in Karnataka is now. Join us, innovate with us, and flourish with us. Together, let us forge a new chapter of success and prosperity.”
He emphasized that the New Industrial Policy 2025-30 encapsulates Karnataka's bold vision to propel innovation, sustainability, and inclusive growth, targeting a 12 percent annual growth rate in the manufacturing sector, with an investment goal of Rs 7.5 lakh crore and the creation of 20 lakh jobs by 2030.
Karnataka has consistently led India's economic transformation, and today, we reaffirm our dedication to being the most investor-friendly state in the nation. With a stable policy framework, proactive governance, and a business-friendly environment, we ensure that every investment flourishes and contributes to inclusive and sustainable growth,” he added.
In parallel, Deputy Chief Minister D.K. Shivakumar remarked: “We are committed to execution. Karnataka is not merely a state of promises; it is a state of delivery. Industries Minister M.B. Patil, IT and BT Minister Priyank Kharge, along with Energy Minister K.J. George, were present, and I predict an investment inflow of around Rs 10 lakh crore.”
During the inaugural event of GIM, Minister M.B. Patil announced that Karnataka will set up 12 new investment zones across 30,000 acres, in addition to over 200 existing industrial zones.
Patil indicated that these zones would feature world-class infrastructure, with Rs 3,800 crore allocated for providing clean water to industrial sites.
He stated that the government’s strategy focuses on curtailing production costs while enhancing efficiency. To realize this goal, a cluster-based policy has been implemented, establishing clusters for aerospace and defense, electric vehicle manufacturing, pharmaceuticals, deep-tech, and drone parks throughout the state.
At the Global Investors' Meet, over 5,000 business representatives, along with various ambassadors from different nations, participated.
Chief Minister Siddaramaiah also introduced Karnataka’s revamped Single Window System, aimed at improving the ease of doing business in the state.
He mentioned that the new system will streamline approvals, alleviate compliance burdens, and accelerate industrial investments while ensuring transparency and efficiency. The system consolidates over 150 business services across 30 state departments.
