Karnataka Global Investor Summit: Siddaramaiah-led state seals ₹10.6 lakh crore deals, unveils bold clean mobility push

Karnataka’s global investor summit, Invest Karnataka 2025, concluded with investment commitments and memorandums of understanding (MoUs) worth ₹10.6 lakh crore signed over the last four days. Of this, the state has an assured inflow of ₹4.03 lakh crore, while another ₹6.2 lakh crore comprises various MoUs signed by companies.

"What’s even more encouraging is that nearly 75% of these investments are outside Bengaluru district, with more than 45% concentrated in North Karnataka," said M.B. Patil, Minister for Large and Medium Scale Industries, Government of Karnataka.

According to government figures, the renewable energy sector saw the highest interest, with companies like JSW Group, Hero Future, and Mahindra Susten, among others, committing capital investments of over ₹81,000 crore in the state. Similarly, companies operating in manufacturing sunrise sectors, including aerospace and defence, auto/EV, ESDM, R&D, and GCCs, have committed nearly ₹75,000 crore, along with MoUs worth nearly ₹63,000 crore. Other manufacturing sectors, including food and agri, textiles, pharma, machine tools, and FMCG, have committed investments of ₹52,000 crore, with MoUs of a similar value.

As a share of the total investments announced, renewable energy accounted for 41%, followed by core manufacturing (15%), sunrise sectors (14%), infrastructure and industrial/logistics parks (11%), general manufacturing (10%), and the start-up sector (9%).

Karnataka Clean Mobility Policy 2025-2030

At the global investors’ meeting, the state also unveiled its new clean mobility policy with a five-year roadmap. Karnataka was the first state to introduce an Electric Vehicle Policy in 2017. The new policy framework aims to attract ₹50,000 crore in investments across the clean mobility value chain and generate nearly one lakh new jobs in the sector.

The government plans to offer subsidies of nearly 25% on total capital expenditure (capex) investments by companies in districts outside Bengaluru, while those investing in Bengaluru district will receive a 20% capex subsidy.

According to government data, Karnataka has 2.5 lakh registered EVs and 5,403 EV charging stations, the third-largest network in the country. The new policy also targets installing an additional 2,600 charging stations through a public-private partnership model.

Three clean mobility clusters have been identified for development in Gauribidanur, Dharwad, and Harohalli, bringing together OEMs, suppliers, R&D centres, and testing facilities.

The government also plans to introduce capital subsidies for the development of fast-charging stations, battery-swapping networks, and hydrogen fueling stations to create a statewide clean energy network.