Large and Medium Industries Minister M.B. Patil announced on Tuesday that Karnataka plans to establish 12 new investment zones spanning 30,000 acres, in addition to over 200 existing industrial areas.
During the inaugural GIM Investor Karnataka 25 event, Patil emphasized that these new zones will feature state-of-the-art infrastructure, with an allocation of ₹3,800 crore designated for ensuring clean water supply to industrial regions.
The minister highlighted the government’s commitment to lowering production costs while enhancing efficiency. To achieve these goals, a “cluster-based policy” has been introduced, which includes the development of specialized clusters for sectors such as aerospace and defense, electric vehicle manufacturing, pharmaceuticals, deep technology, and drone parks throughout the state.
The Karnataka Industrial Areas Development Board (KIADB) has already laid out more than 85,000 acres of industrial land, housing around 25,000 industries.
Patil noted that in the face of intense competition from China and various global uncertainties, Karnataka is resolute in transforming its industrial environment. He stated that the state’s focus will be on digital transformation, environmentally friendly practices, and enhancing competitiveness to position Karnataka as a leading hub for manufacturing and innovation on a global scale.
The minister identified technological advancement, attraction of investments, and the cultivation of competitive industries as vital components for future economic growth. The government is also prioritizing digital transformation within the industrial sector, with a strong emphasis on eco-friendly initiatives and strategies to mitigate emissions.
Furthermore, the government is committed to promoting small and medium enterprises, which collectively employ 5.5 million people across 800,000 medium, small, and micro units, as a means to foster economic development and job creation.
