Home / Business and Economy / Karnataka Converts GIM Pledges to Rs 4.71 Lakh Crore
Karnataka Converts GIM Pledges to Rs 4.71 Lakh Crore
16 Jan
Summary
- Karnataka realized 46% of investment commitments within 11 months.
- Manufacturing sector leads with 58% conversion rate.
- Digital single-window system accelerates investment clearances.
Karnataka has achieved significant success in converting investment commitments made at its Global Investors' Meet (GIM) into realized investments. Within eleven months of the February 2025 event, the state secured Rs 4.71 lakh crore, representing 46% of the total Rs 10.27 lakh crore pledged. Minister M B Patil highlighted the crucial role of a fully digital single-window platform in expediting clearances and land allotment processes.
The manufacturing sector emerged as the highest performer, materializing Rs 3.22 lakh crore out of Rs 5.66 lakh crore committed, achieving a 58% success rate. Renewable energy saw Rs 1.41 lakh crore materialized from Rs 4.25 lakh crore in pledges, while infrastructure development attracted Rs 8,500 crore against Rs 45,000 crore pledged. These figures underscore the state's effectiveness in moving projects beyond the Memorandum of Understanding (MoU) stage.
Key proposed investments include Silfex's Rs 9,300 crore semiconductor facility and Jindal Steel's Rs 7,000 crore electrical steel unit. The digital platform, Karnataka Udyog Mitra, has processed nearly 50% of all investment proposals, ensuring that commitments are brought to fruition efficiently. Minister Patil expressed confidence in the state's ability to sustain this momentum in attracting and realizing investments.
