BT Exclusive: Carnataka’s Start-UP, defined manufacturing sectors for global growth; MB Patil says 1.15 rupees are guaranteed

Karnataka, which is often referred to as “sandalwood land” to obtain its rich in high -quality sandalwood reserves and the home of active gold mines in India, has been a long economic power. In her heart lies in Bangaluru, the jewel of the crown in the state and the “Silicon Valley” in the country, famous for its booming ecosystems.

The state hosts more than 15,000 startups and hundreds of investment capital companies and corporate funds, with Bangaluru to the majority. Besides its dominance in the startup space, Karnataka also makes steps in the manufacture of semiconductor, which puts himself as a major player in the growth driven by technology in India.

While the state is preparing to meet global investors (GIM 2025) from 12 to 14 February, which will witness the participation of 18 countries, Megabite Patel, Minister of large and medium industries and infrastructure development, spoke of the Karnataka State government, to business today about the ecosystem for the start of operation In Karnataka, her investment scene, and global investor morale. Excerpts edited:

Q: Karnataka has been a magnet for investment in recent years. Can some of the major investments that the state recently received and the sectors that attracted the most interest? How do these investments constitute the economic scene of Karnataka?

MB Patil (MBP): The state of Karnataka has received significant investments in multi -growth sectors, which enhances its position as one of the leading industrial and innovation centers in India. The state has attracted more than 1.15 rupees in investments since April 2023 (accredited investment from one window), which cover industries such as electronics manufacturing, renewable energy, electric cars, space and infrastructure development.

Foxconn: 22,000 rupees to create an iPhone assembly unit on a 300 -acre site.
JSW Energy: 4,960 Rural Cruratens for the Prisoner Wind Energy Factory 600 megawatts.
Toyota Kirloskar: 3700 rupees to expand manufacturing facilities and relevant operations.
EXIDE: Ruby. 4000 rupees for the creation of GigaFactory
Hero Future: 11,000 rupees in projects in renewable energy and green hydrogen and its derivatives
Air India: 1750 rupees to create the modern MRO facility (maintenance, reform and reform).
Sansera: Ruby. 2150 C. To manufacture car components

In addition, Karnataka announces a few major confirmed investments during GIM.

Karnataka also has a strong investment pipeline that exceeds 1 rupees, and extends from various sectors with high growth, which increases the strengthening of the state’s industrial ecosystem.

PA: The ecosystem is referred to as the startup in the state of Karnataka, especially in Bangaluru, in the name of Silicon Valley in India. How integrated this ecosystem of the broader economic strategy of the state? Are there any expectations for the number of new startups that are expected to appear in the state of Karnataka over the next five years?

MBP: The state of Karnataka is one of the most powerful ecosystems to start operating in India, as it leads the country in innovation, technological progress, and entrepreneurship activities. With more than 15,000 active startups and home to more than 40 % of India’s unitary, the country has become a global center for innovation.
This booming ecosystem is supported by a strong network of more than 1500 boxes of investment capital and companies investment funds, along with more than 15,000 owners investors, which enhances growth across major sectors such as IT, Biotechnology and Fintech.

Government initiatives such as the startup policy in Karnataka and leading programs such as Elevate and Venturise Global Startup Challenge are effective in promoting entrepreneurship. These programs provide financial aid, guidance, and infrastructure support, which helps startups with prosperity.
Venturise focuses, in the second version as part of global investors, on enabling startups in the growth phase in sectors such as ESDM, clean mobility, space and defense.

This year, Venturise has received more than 900 requests from startups that address industry challenges, with 45 startups listed in the brief list to show innovative solutions to a committee of experts in this event.

With investment capital investments exceeding $ 4 billion in 2023 alone, the strong infrastructure of information technology in Karnataka, skilled workforce continues, and the favorable organizational environment in attracting global investors. The state’s efforts not only put Karnataka as a leader in technological excellence and entrepreneurship, but also enhances its role as a major engine for economic growth in India and beyond.

PA: Given that Karnataka is putting herself in a global investment center, how does the international investor and investment capital of the state’s capabilities see? What are the factors that make the state of Karnataka an attractive destination for global investors compared to other Indian states?

MBP: Karnataka is widely a major destination for global investors because of its innovation -based economy, a skilled talent group, and global infrastructure. The state’s efforts to comply with global trends led to a strong industrial ecosystem supported by:
Global Partnerships: The successful promotional offers in Japan, South Korea and the United States of America have made $ 3 billion in investments, which reflects the investor’s confidence in infrastructure and talents in Karnataka.
Strategic cooperation with global leaders such as Intel, Toyota Kirloskar and Foxconn in sectors such as semiconductors, green energy and manufacturing.
Politics frameworks: The clean mobility policy and industrial policy 2024-2029 must provide targeted incentives, including the benefits and benefits associated with production, to attract investments in high-tech sectors.
Technological edge: Karnataka states 42 % of India’s unitary and more than 500 years, highlighting its leadership in research, development and technology.
Ease of doing business: The system of removal of individual windows from AI-Ei is inclusive of the actual time, predictive analyzes, drawing geographic information systems maps for land customization, and greatly simplifying the investment process.

PA: International investors were placed in 2025 as a platform for pushing comprehensive growth. Can you identify the specified initiatives or policies that are presented in GIM 2025 to ensure fair opportunities in the sectors and regions of Karnataka?

MBP: GIM 2025, “GIM),” Re -Virtual Growth “, aims to place Karnataka as a global center for industrial structure and infrastructure by promoting comprehensive and sustainable development. This event will focus on empowering small and medium -sized companies, leading innovation in startups, progressing in regional development, and presenting the main sectoral developments to attract local and international investments.
Karnataka focuses on high -value sectors such as space and defense, electronics, basic manufacturing, and logistics to accelerate gross domestic product growth and enhance supply chain integration.

At the same time, the state promotes intensive industries of workers such as textiles, electronics manufacturing, global capacity centers (GCCS), research, development and support support services to generate large -scale job opportunities. In addition, Karnataka places itself as a axis of research and development by strengthening sunrise sectors actively such as future movement, green hydrogen, drones, space technology, medical technology and semi -conductors.

To attract investments, the upcoming global investors (GIM) will display more than 100 speakers, B2G meetings, and communication sessions to display the Karnataka policies friendly to investors. The state also creates vision groups for the sector, led by private sector leaders, to simplify investment efforts and ensure effective implementation. The strengthening of global cooperation is still a major axis, with strategic partnerships with Japan, South Korea, the United States of America, the Netherlands and Germany aimed at leading foreign innovation and investment.

Through a long -term vision of comprehensive and sustainable growth, GIM 2025 aims to build a strong investment ecosystem not only attracts capital, but also provides tangible benefits for local communities. By giving priority to the main sectors and strengthening global partnerships, the state of Karnataka continues to consolidate its position as a pioneer in innovation, industry and entrepreneurship.

PA: MSMES and the manufacturing sector are decisive columns for the Economy of Karnataka. What are the steps the government takes to support these sectors, especially in terms of infrastructure, financing and incentives of politics? Are there any leading initiatives in place to make Karnataka a manufacturing power?

MBP: The manufacturing and manufacturing sectors in Karnataka state are central to its economic strategy. The government has launched comprehensive initiatives to support these sectors:
Infrastructure Development: Renewing more than 200 industrial obstacles and creating industrial gardens for the sector such as EV groups in Dharwad and Aerospace groups in Devanahali.
Financial support: subsidies and incentives under Industrial Policy 2024-2029, including 20 % -25 % capital subsidies for manufacturing projects outside Bangaluru.
Capacity building: partnerships with Nasscom to provide industry training 4.0, and equip guarantees from advanced digital tools and manufacturing technologies.
Sme Connect: A platform that enables small and medium companies to reach financing, participate with global buyers, and participate in success events.

These initiatives place Karnataka as a manufacturing force while ensuring that small and medium -sized guarantees are combined into global supply chains.

PA: Karnataka was constantly among the performance of the leading economy between the Indian states. Can you provide an overview of its last economic performance? What are the sectors that currently arise as growth engines, and what are the basic factors that feed their height?

MBP: Under the leadership of Hun. Minister MB Patil, Karnataka, continued to excel as a better country in India, which prompted economic growth through a set of innovative policies, infrastructure development and strategic investments. The state has strengthened its position as a global center for technology, manufacturing and sustainability, with the support of the main initiatives that formed its economic path in recent years.

Investment magnet: Karenataka has successfully attracted major global investments, including obligations of $ 3 billion through promotional offers in Japan, South Korea and the United States of America.
Strategic partnerships with companies such as Foxconn, Chevron Corporation, Toyota Kirloskar have strengthened the state base in the state across sectors such as Aerospace, Seiconductors and Green Energy.

Driving in Technology and Innovation: The state of Karnataka accounts for more than 40 % of India alone, and its dominance in the ecosystem is offset.

The state has invested extensively in building a strong ecosystem for research and development, with the support of 400+ global power centers (GCCS) and partnerships with institutions such as IISC and IIT.

Industrial and inclusive growth: Industrial policy 2024-2029 focuses on sustainable and comprehensive growth, as it provides incentives based on the region to encourage investments in the cities of level 2 and Tier 3. This approach has accelerated regional development and distributing economic opportunities outside Bangaluru.
Custom industrial groups have been created, such as the Devanahali Airline Group and the DHARWAD Manufacturing Group, to enhance the sector’s growth.

Sme Connect: With the Sme Connect initiative, the government enabled more than 2000 small and medium -sized companies to train and resources, enhancing its global competitiveness.

Ready-to-future infrastructure: Karnataka’s mandate commitment to infrastructure promotions, such as the corridor and industrial knowledge of Bangalore-Chenyy, and a luxury, and the city of innovation (Queen City), guarantees sustainable economic competitiveness.