Karnataka targets Rs 7.5 lakh crore investment and 20 lakh jobs by 2030
Chief Minister D.K. Shivakumar unveiled preparations for the Global Investors Meet scheduled for April 2027 in Bengaluru.
Karnataka Chief Minister D.K. Shivakumar announced on Thursday that the state intends to secure Rs 7.5 lakh crore in investments and create 20 lakh jobs by 2030. According to reports from ANI and The Tribune, these goals are part of the state's Industrial Policy 2025–30 and were unveiled during preparations for the Global Investors Meet (GIM) 2027, which will take place in Bengaluru from April 20 to 22.
The state is looking for capital in sectors including semiconductors, aerospace, artificial intelligence, clean energy, life sciences, and electric mobility. Shivakumar noted that the state economy grew by 8 per cent last year and drew nearly USD 13 billion in foreign direct investment. He added that Karnataka contributes over 40 per cent of India's software exports and houses more than 1,100 Global Capability Centres.
Industries Minister M.B. Patil stated that approximately Rs 10.27 lakh crore was committed at the previous GIM, with 65 per cent of manufacturing commitments already turned into projects. Patil said that investments from DN Solutions, Krones, Nidec, and Foxconn are operational, while projects from Lam Research, Applied Materials, Wipro Electronic Materials, Jindal Aluminium, and Mahindra Aerospace are currently progressing.
The government has launched the Aerospace and Defence Policy 2026–31, which seeks Rs 60,000 crore in investment and 60,000 jobs. Additionally, the Textile and Apparel Policy 2026–31 aims for Rs 20,000 crore in investment and five lakh jobs. To support these goals, the state also introduced the Digital Industrial Land Bank and the third edition of VentuRISE.