₹4.71 lakh crore investment realised in 11 months: Karnataka Industries Minister M.B. Patil

Investment proposals worth ₹ 4.71 lakh crore have been realized by the end of December, out of the commitments of ₹ 10.27 lakh crore secured at the Global Investors Meeting held in February 2025, Minister for Large and Medium Industries MB Patil said here on Thursday (January 15, 2026).

Ahead of his visit to the World Economic Forum, scheduled to be held in Davos from 19 to 23 January, the Minister shared details on the state’s investment progress, applications received and sector-by-sector industrial growth over the past year.

Giving a detailed overview, he said 46% of the investment agreements (MoUs) signed at the Global Investors Meet have already turned into actual investments. Of the ₹5.66 lakh crore investment commitments in the manufacturing sector, ₹3.22 lakh crore was realized. Similarly, in the renewable energy sector, ₹1.41 lakh crore came against commitments of ₹4.25 lakh crore, while the infrastructure development sector recorded actual investment of ₹0.085 lakh crore against commitments of ₹0.45 lakh crore. That represents success rates of 58 percent, 33 percent and 19 percent, respectively, he said.

“We did not just stop at the MoU stage,” the minister said. After the investment proposals are submitted, processes such as application procedures, land allocation, legal permits and approvals are facilitated through a completely digital single window system. More than 150 services in more than 30 departments have been integrated under this mechanism. As a result, sectors such as manufacturing, ESDM, semiconductors and food processing are witnessing a steady flow of investments, he explained.

He said investment proposals in the state were implemented more quickly last year, reflecting the creation of a more industry-friendly ecosystem than before. Approximately 50% of all investment proposals and approximately 60% of proposals in the manufacturing sector were submitted through ‘Karnataka Udyog Mitra’. These results reflect the success of the State’s structured industrial policy and reform-oriented initiatives. “We ensure that no project is confined to the MoU stage and taken to its logical conclusion,” Mr. Patil said.

In the manufacturing sector, Silfex has proposed an investment of ₹ 9,300 crore to set up a facility for the production of silicon components critical to the semiconductor industry. MV Energy has proposed an investment of ₹ 5,495 crore to expand solar cell and module manufacturing in the ITIR region of Bengaluru. Jindal Steel has also proposed an investment of ₹ 7,000 crore to set up an electrical steel manufacturing unit in Vijayanagar, it said.

Additionally, UltraTech Cement has proposed an investment of ₹ 4,819 crore to set up a cement manufacturing unit in Kalaburagi district. Dalmia Cement has proposed investment of ₹3,000 crore with additional ₹3,020 crore for expansion at Yadawada in Belagavi district. In the renewable energy sector, Tata Power has proposed investment of ₹ 8,134 crore. While Volvo has offered ₹ 1,251 crore for expansion of its Hosakote plant, Suzlon Energy Limited has proposed an investment of ₹ 12,032 crore in the Vijayapura region. Havells India has proposed an investment of ₹710 crore in Tumakuru district to expand production capacity and set up a new research and development centre. Balaji Wafers (₹550 crore) and ASM Technologies (₹490 crore) have also submitted investment proposals through Karnataka Udyog Mitra, Mr. Patil said.

In the medical and sanitary equipment sector, TZMO India has proposed an investment of ₹58 crore. TASL has proposed an investment of ₹ 500 crore at Vemagal in Kolar district for the production of required components for the Airbus H125 model. The Minister added that Safran Electronics has proposed an investment of 250 million rupees for the production of avionics and defense equipment.