Karnataka Aims for 15-16% Annual Industrial Growth Rate, Says CM
Bengaluru, June 20: Chief Minister Siddaramaiah announced on Wednesday that the Karnataka government aims to achieve an industrial growth rate of 15-16% annually to reach a $1 trillion GDP by 2032.
Addressing the gathering at the curtain-raiser for the upcoming Global Investor Meet – “Invest Karnataka 2025,” scheduled for February, he stated that over the last decade, the state has posted a growth rate of 9.3%.
“The government’s vision extends beyond urban centers, intending to spread industries to rural regions, particularly Kalyana Karnataka, through focused cluster development initiatives,” Siddaramaiah emphasised.
He added, “The government is committed to balanced regional development. We are nurturing specialized industries in different parts of the state, leveraging local expertise and resources. We have identified clusters to develop priority sectors such as electronics, automotive and electric vehicles, pharmaceuticals, textiles, and more.”
Through the Global Investor Meet (GIM) 2025, Karnataka seeks to showcase its technological prowess and manufacturing excellence. “We aspire to position Karnataka on the global stage as a leading player in the global supply chain,” the Chief Minister noted.
Highlighting the government’s proactive approach to policymaking, Siddaramaiah mentioned that Karnataka’s Industrial Policy offers best-in-class incentives to attract global investors and is being updated in line with the latest global trends.
At the event, Large and Medium Industries Minister M.B. Patil launched ‘ventuRISE 2025’ and announced that the new Karnataka Industrial Policy 2025-2030 is being drafted to include best-in-class incentives to ensure competitiveness in attracting investors.
“The theme of this edition, ‘Reimagining Growth,’ reflects the role Karnataka wishes to play in promoting growth that is tech-driven, green, inclusive, and resilient,” Patil explained.
As preparations for the grand event continue, various high-level meetings, events, global and domestic roadshows, and other programmes will be organised. Highlights include the 1st edition of SME Connect’25, the 2nd edition of VentuRISE – Global Startup Challenge and Startup Conclave, and the Future of Innovation exhibition, he elaborated.
There will be a series of global roadshows to introduce Karnataka’s manufacturing ecosystem to international companies and visits to foreign countries to invite industry leaders for the GIM. These visits include a trip to Japan from June 24 to 28, covering Tokyo, Nagoya, and Osaka, followed by a visit to South Korea from July 1 to 5, covering Seoul, Incheon, and the Gyeonggi area, Patil informed.
Small Scale Industries Minister Sharanabasappa Darshanapur launched SME Connect’25 during the occasion.
Higher Education Minister Dr MC Sudhakara, IT/BT Minister Priyank Kharge, Health Minister Dinesh Gundu Rao, Medical Education and Skill Development Minister Sharana Prakasha Patil, Textiles Minister Shivananda Patil, and Chief Minister’s Political Secretary Govindaraju were present.
Senior officials S. Selvakumar, Principal Secretary of the Department of Industries, Gunjan Krishna, Commissioner of the Department of Industries, and Dr. Richard Vincent D’Souza, Secretary of the Department of MSME, attended.
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FlixBus India expands in South India with new routes introduced to Goa and Kerala
FlixBus India expands in South India with new routes introduced to Goa and KeralaBengaluru Express,Bangalore, Jan. 18: FlixBus, a global travel-tech leader providing sustainable and affordable travel options, announced the launch of its new routes connecting Bangalore to Goa and Alleppey starting January 17, 2025. These routes will cater to the rising demand for eco-friendly and comfortable mobility solutions in South India. With fares starting at ₹1600 for Bangalore-Goa and ₹1400 for Bangalore-Alleppey, the reliable night services will operate six days in a week on L (large) bus models and seven days in a week on XL (extra-large) bus models, offering a convenient travel option for both tourists and business travellers.“We are thrilled to introduce these two new routes in India. Goa and Alleppey are vital economic and tourist hubs, that perfectly align with our mission to create a robust travel network in the region. By connecting Bangalore to these iconic locations, we aim to provide comfortable, affordable, and eco-friendly travel options for business travellers and tourists alike,” said Surya Khurana, MD, FlixBus India.The new routes are part of FlixBus India’s strategy to expand its network and deepen its presence in South India. Goa and Kerala are key markets for FlixBus, and this network expansion aligns with the company’s commitment to delivering tech-enabled bus travel options to larger segments of the second largest bus market in the world.FlixBus has meticulously designed its Bangalore-Goa and Bangalore-Alleppey routes to meet seasonal travel demands and regional festivities. The Bangalore-Goa route caters to the high influx of tourists during the winter season, while the Bangalore-Alleppey route aligns with monsoon tourism, showcasing Kerala’s picturesque backwaters. With flexible schedules, these routes ensure smooth travel for major celebrations such as Onam in Kerala and the Goa Carnival in Goa. Passengers can enjoy convenient night services on both routes, with the Bangalore-Alleppey line featuring stops at Krishnagiri, Salem, Erode, Tiruppur, Coimbatore, Palakkad, Thrissur, Kochi, and Alappuzha. Also, Bangalore to Goa route includes stops at Tumkuru, Chitradurga, Davanagere, Haveri, Yellapur, Karwar, and key locations in Goa such as Palolem, Madgaon, Panjim, and Mapusa.FlixBus is committed to safety and quality, utilizing standardized BS6 buses that meet strict emission norms and include advanced safety features such as anti-lock braking system (ABS), electronic stability control (ESC) for all buses. The buses are equipped with live tracking and staffed by background-verified personnel, ensuring a secure and comfortable journey for our travellers.