The Karnataka government on Tuesday announced ‘Karnataka Industrial Policy 2025-30’ to reposition the State and make it the top destination for high technology manufacturing investments in Asia.
“The new policy focuses on equitable and sustainable development while aiming to attract ₹7.5 lakh crore in investments and generate 20 lakh new jobs during the policy period,” said Deputy Chief Minister D.K. Shivakumar while speaking at the Global Investors’ Meet ‘Invest Karnataka 2025’ here on Tuesday.
The key objective of the policy is to ensure balanced growth across the State, beyond Bengaluru, and promote industrial development in backward areas, he said.
Focus areas
According to M.B Patil, Large and Medium Industries Minister, the policy identifies key focus areas that would drive economic growth all across the State. These areas include aerospace and defence, electronics, core manufacturing (steel, cement, metals), warehousing and logistics, textiles, future mobility, drones, augmented reality/virtual reality, medtech, spacetech, biotechnology, renewable energy, pharmaceuticals, automobiles, FMCG, and tourism.
Speaking earlier, Chief Minister Siddaramaiah said that with a stable policy environment, proactive governance, and a business-friendly ecosystem, Karnataka ensured that every investment made here thrived and contributed to inclusive and sustainable growth.
“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,” he said.
Making a pitch for the State, the Chief Minister said Karnataka prioritised “responsible, sustainable growth, leading in green economy, eco-friendly industrial clusters, and sustainable urban development”.
Connectivity concerns
To reassure connectivity concerns, he said the State was actively identifying suitable locations to fast-track the establishment of Bengaluru’s second international airport, further boosting the city’s global connectivity and economic potential.
According to Mr. Siddaramaiah, the State accounts for 60% of the country’s electronic product exports, making it a global supplier of next-gen chips and devices. It also contributes over 40% of India’s software exports, led by Infosys, Wipro, TCS, Google, Amazon, and Apple. The State is further investing in AI-driven governance, blockchain adoption, and cloud computing ecosystems to future-proof the digital economy.
He also said Karnataka was the EV capital of India, with Tesla, Ola Electric, Ather Energy, and Mahindra Electric investing heavily in the State. “The State is India’s largest aerospace hub, with more than 65% of aerospace and defence manufacturing happening here,” he said.
Published - February 11, 2025 10:21 pm IST
