Karnataka Aims for 70% Realisation of Investment Commitments at GIM 2025
Key Ideas
- Karnataka aims to achieve at least 70% realisation of the Rs 10 lakh crore investment commitments made during GIM 2025, an improvement from the 40-50% realisation in 2022.
- Infrastructure challenges hindered the realisation of Rs 2,40,000 crore worth of MoUs in the green hydrogen sector from the previous GIM, but the state is focused on overcoming such obstacles.
- The state government is implementing a new AI-based single-window system to expedite the approval process for investment proposals, reducing the clearance time from 100 days to 50 days.
- Efforts are being made to promote manufacturing and attract investments beyond Bengaluru, with incentives offered to establish units in cities like Belagavi and develop aerospace and FMCG parks.
The Karnataka government is determined to achieve significant realisation of investment commitments made during the Global Investors' Meet (GIM) 2025, with a focus on reaching at least 70% realisation compared to the 40-50% achieved in the previous edition. The Minister highlighted that challenges in the green hydrogen sector hindered the realisation of significant commitments from the 2022 GIM, but the state is actively addressing these obstacles. The upcoming GIM, to be held in Bengaluru from February 12-14, will host over 75 leaders from various industries amidst geopolitical challenges and sustainability concerns affecting sectors. Noteworthy figures like Anand Mahindra and Kumar Mangalam Birla will be part of this event. To streamline the investment process, a new AI-based single-window system will reduce approval times from 100 days to 50 days. Efforts to enhance the semiconductor industry and promote manufacturing beyond Bengaluru are underway, with incentives offered for establishing units in cities like Belagavi. The state's aim is to create a conducive environment for economic growth and attract investments to drive development across multiple sectors.
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Sustainability
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