Guv Calls for Increased Investments at Invest Karnataka 2025

Bengaluru Express
Bengaluru, 13th February Governor Thaawarchand Gehlot, today urged entrepreneurs to invest more and collaborate in building a self-reliant and prosperous India, focusing on a stronger Karnataka by leveraging the policies of both the Government of India and the State Government, as well as the available resources and infrastructure.

In his address at the Invest Karnataka 2025 – Global Investors Meet held in Bengaluru, Shri Gehlot highlighted the state’s remarkable progress and its strategic importance in India’s economic landscape. “Karnataka is a progressive state, known for its past glory, technological advancements, and natural wealth. It is at the forefront of receiving investments in sectors like green hydrogen, electronics manufacturing, renewable energy, aerospace and defense, e-mobility, and infrastructure,” said Shri Thaawarchand Gehlot.

He went on to emphasize Karnataka’s leadership in various sectors, stating that the state leads in exports, technological innovation, and research and development. “Karnataka is ranked at the top of the India Innovation Index with over 400 global competence centers in Bengaluru. Additionally, the state has been recognized as a ‘high achiever’ in Ease of Doing Business rankings and excels in renewable energy, electric vehicle innovation, IT exports, aerospace, and biotechnology manufacturing,” he added.

Governor also underscored Karnataka’s role as a global startup hub, with Bengaluru contributing 37% of the country’s startup funding. “Our state is at the forefront in financing, deal counts, and venture capital, making it the most attractive destination for entrepreneurs and innovators,” he remarked.

The Governor outlined key growth priorities for the state, emphasizing:

• Technology-led Growth: Ensuring Karnataka’s leadership in technological innovation.
• Green Development: Fostering clean energy and environmental sustainability.
• Inclusive Growth: Ensuring that all sections of society benefit from the state’s development.
• Resilient Growth: Implementing policies that ensure stability and security for industries.

Shri Gehlot highlighted the government’s commitment to industrial development with policies offering subsidies, incentives, and a streamlined single window system to enhance ease of doing business. “We are fostering an ecosystem conducive to innovation and local manufacturing, with strong government support,” he added.

He also outlined six key reasons that make Karnataka the most suitable state for investment:

1. Comprehensive policies and economic incentives for a favorable business environment.
2. Abundant land and resources for industrial development.
3. Availability of a skilled workforce with appropriate subsidies.
4. Robust infrastructure for transportation, warehousing, and marketing.
5. Simplified business processes through reforms.
6. A harmonious industrial environment, free of disputes, promoting cooperation between industries and workers.

Shri Gehlot highlighted the critical role of Micro, Small, and Medium Enterprises (MSMEs) in driving the state’s economy. “Karnataka is home to over 8 lakh MSMEs, employing more than 55 lakh people. These enterprises are the backbone of our economy and play a crucial role in fostering innovation, generating employment, and sustaining economic growth,” he said. He urged that sustainable growth can only be achieved by focusing on the development of MSMEs.

At the event, the Governor also released the Invest Karnataka 2025 souvenir and presented the SME Connect Awards to honor the contributions of small and medium enterprises.

The event was attended by several dignitaries, including Union Minister of State Shobha Karandlaje, Deputy Chief Minister D.K. Shivakumar, Ministers M.B. Patil, Ramalinga Reddy, N. Cheluvarayaswamy, and other prominent leaders.

About Author