post-slider
Karnataka

Karnataka is set to enhance its industrial infrastructure with the establishment of 12 new investment zones spanning 30,000 acres. This initiative will be implemented alongside the state’s existing 200-plus industrial areas. Large and Medium Industries Minister M B Patil made this announcement during the Invest Karnataka-2025 summit, emphasising the government’s commitment to fostering industrial growth and economic development.

To support these new investment zones, the state has allocated a budget of ₹3,800 crore specifically for providing clean water to industrial areas. This move is expected to significantly improve the state’s industrial ecosystem by ensuring essential resources are available for businesses and manufacturers.

Minister Patil highlighted that the government is adopting a cluster-based approach to industrial development, aiming to reduce production costs and enhance efficiency. Under this strategy, Karnataka will establish specialised clusters focusing on key industries such as aerospace and defence, electric vehicle manufacturing, pharmaceuticals, deep technology, and drone technology. These clusters will provide a conducive environment for businesses to collaborate, innovate, and scale operations.

The Karnataka Industrial Areas Development Board (KIADB) has already developed over 85,000 acres of industrial land, accommodating approximately 25,000 industries. The new investment zones will further strengthen Karnataka’s position as a preferred destination for industrial investments.


Addressing the challenges posed by global competition and economic uncertainties, Minister Patil emphasised the importance of digital transformation and eco-friendly initiatives. He stated that Karnataka is determined to redefine its industrial landscape by leveraging technological advancements, promoting sustainability, and enhancing competitiveness. These efforts align with the state’s vision to become a global hub for manufacturing and innovation.

The minister also underscored the government’s focus on supporting small and medium enterprises (SMEs), which play a crucial role in the state’s economic growth. Karnataka currently has around eight lakh MSMEs, employing approximately 55 lakh people. By implementing policies that encourage investment and growth in this sector, the state aims to create more job opportunities and boost economic development.

In addition to infrastructure development, the government is prioritising eco-friendly initiatives to minimise industrial emissions and promote sustainable practices. These efforts will contribute to making Karnataka’s industrial sector more environmentally responsible while maintaining high standards of productivity and efficiency.

Also Read | Lam Research to Invest ₹10,000 Cr in India, Signs MoU with Karnataka Govt

The establishment of these new investment zones marks a significant step in Karnataka’s industrial development strategy. With world-class infrastructure, targeted investments, and a commitment to sustainability, the state is poised to attract both domestic and international investors, solidifying its reputation as a key player in India’s industrial and economic landscape.

 

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Related News


whatsapp--v1 JOIN US
whatsapp--v1