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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 Converts GIM Pledges to Rs 4.71 Lakh Crore

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.

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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.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Karnataka realized 46% of its investment commitments, totaling Rs 4.71 lakh crore, within eleven months of the GIM.
The manufacturing sector achieved the highest conversion rate, realizing 58% of its committed investments.
Karnataka utilized a fully digital single-window system integrating over 150 services to expedite clearances and project approvals.

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