K’taka gets 1.1Lcr investments in 11 mths, hits 50% strike rate

Bengaluru: Karnataka has secured Rs 1.1 lakh crore in fresh investments in the past 11 months, industries minister MB Patil said on Saturday, adding that the state has a strong near-term investment pipeline of over Rs 1.5 lakh crore, further burnishing its image as a go-to destination in the country for big-ticket projects across sectors.A majority — well, nearly half — of the investments received in 11 months is from just key sectors: Rs 66,293 crore from manufacturing and industrial segments. The state sewed up Rs 20,913 crore from renewable projects, Rs 12,500 crore from Global Capacity Centres and Rs 6,350 crore from data centres.
Nearly 50% of the committed investments have already moved into on-ground investment filings with Karnataka Udyog Mitra, with manufacturing at around 60% conversion, he added. "This is led by ESDM (electronics system design and manufacturing) and semiconductors, auto and EV manufacturing, and aerospace and defence manufacturing," he said.Patil said there's progress in turning intent into action following the Global Investors Meet 2025. "At the meet, we closed with Rs 10.3 lakh crore in commitments and over six lakh jobs. Our focus now is speed of execution, not just announcements," he said.