Karnataka's Davos Success: ₹13,070 Cr In New Deals

Karnataka has achieved substantial success at the World Economic Forum (WEF) in Davos, securing investment commitments amounting to ₹13,070 crore. These commitments are anticipated to fuel growth across key sectors including aerospace, food processing, data centres, digital infrastructure, clean energy, and advanced manufacturing.

Global business leaders have lauded Karnataka's conducive industry environment and the availability of a skilled workforce. These positive engagements have laid a strong foundation for future investments and are expected to accelerate ongoing projects, bolstering Karnataka's competitive edge in the evolving landscape of global trade and industrial transformation.

Notable investments include RP-Sanjiv Goenka Group's ₹10,500 crore commitment over three years for renewable energy projects, and Schneider Electric's ₹1,520 crore investment. Carlsberg Group will establish a ₹350 crore bottling plant, while INOX GFL will invest an additional ₹400 crore in wind and solar power manufacturing.

Discussions were also held with the Singapore Economic Development Board for a 'Singapore Park,' and efforts were made to attract Coca-Cola's investment. Several international companies, including Nokia, Vast Space, Crescent Enterprises, and Mistral AI, have expressed interest in investing or establishing R&D centers in Karnataka.