Minister M B Patil shares the achievements of Department of Industry and Commerce over the last 2 years

Bengaluru Express

Bengaluru, June 15: The Government of Karnataka, under the leadership of M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, has signed 115 (MoUs) over the last two years, attracting investments worth Rs 6,57,660 crore. These investments are projected to generate approximately 2,32,771 jobs across the state, showcasing the proactive industrial approach driven by the Minister.

At a press conference held at Vidhana Soudha, M.B. Patil launched the department’s two-year progress report titled “Driving the Next Leap”, highlighting the key achievements and forward-looking initiatives of the Industries and Infrastructure Departments under his guidance.

Mr Patil emphasized that the newly introduced Industrial Policy 2025–30 is poised to attract INR 7.5 lakh crore in investments and create 20 lakh jobs over the next five years. He reaffirmed Karnataka’s leadership in securing capital investments from both domestic and global players. During the Invest Karnataka – Global Investors Meet held in February, 98 companies signed MoUs worth Rs 6,23,970 crore. Furthermore, 1,101 companies received state-level approvals for proposed investments of Rs 4,03,533 crore, expected to generate nearly 6 lakh jobs.

Focus on Balanced Regional Development

Mr Patil underlined the government’s focus on balanced regional development. To drive equitable growth across Karnataka, the department—under his stewardship—has extended enhanced incentives to attract investments in backward districts and taluks. This has led to 75% of job creation taking place outside Bengaluru, with 45% concentrated in North Karnataka.

Prelude to the development of KWIN City and SWIFT City

Mr Patil also outlined the development of several major projects aimed at transforming Karnataka into a hub for innovation and sustainability. Among these is a Knowledge, Innovation, and Sustainability-based ‘KWIN City’, coming up along the Doddaballapur–Dabaspete corridor with an investment of INR 40,000 crore, driven by the Minister’s vision for futuristic industrial ecosystems.

To support the growth of emerging technologies such as AI, data analytics, and fintech, Mr Patil announced plans for a ‘SWIFT City’, to be developed over 1,000 acres near Bengaluru.

Additionally, under his leadership, Karnataka—through a collaboration with Microsoft—has launched a single-window international investor platform, integrating over 100 services across 30 departments to streamline investor facilitation.

The state recently hosted ‘Utpādana Manthana’, a focused consultation with industry leaders to bolster 6 identified manufacturing clusters. Industry experts provided strategic inputs that will inform future policy and infrastructure development.

Bengaluru as Asia’s MRO Capital

Bengaluru is rapidly emerging as Asia’s leading Maintenance, Repair, and Overhaul (MRO) hub in the aviation sector. Companies such as Tata, Indigo, and Lockheed Martin have committed investments of INR 1,460 crore, INR 1,100 crore, and INR 500 crore respectively in MRO infrastructure.

The state is also developing a series of sector-focused industrial parks, including:

• Pharma Park in Srinivaspur, Kolar

• Solar Cell Park in Vijayapura

• Drone Park in Chitradurga

• Mega Logistics Park near Dabaspete (Hanumantapura)

• Deep-Tech Park at Jangamkote, Shidlaghatta taluk

• Startup Park across 200 acres in Hubli

Major Investments in the Last Two Years (Select Companies):

• Foxconn – INR 22,000 crore

• NXP Semiconductors– $1 billion (approx.)

• Toyota Kirloskar – INR 3,700 crore

• Samvardhan Motherson Company: INR 3,700 crore

• MV Energy Private Limited: INR 5,000 crore

• Krones Company: – INR 315 crore

• Sansera Company– INR 2,150 crore

• DN Solutions– INR 998 crore

• Epsilon Group– INR15,350 crore

• Jindal Energy Company– INR 4,960 crore

• Nidec – INR 600 crore

115 MoUs signed over two years, attracting INR 6.57 lakh crore in investments with potential for 2.3 lakh jobs.

·        Launch of progress report booklet “Driving the Next Leap” showcasing two years of achievements in industries and infrastructure.

·        New Industrial Policy 2025–30 aims to attract INR 7.5 lakh crore investment and generate 20 lakh jobs in the next five years

·        New Karnataka Clean Mobility Policy 2025–30 to attract INR 50,000 crore in green mobility investments.

·        Karnataka ranks second in the country in attracting Foreign Direct Investment (FDI).

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