Large and Medium Industries Minister M B Patil on Tuesday announced that Karnataka will establish 12 new investment zones across 30,000 acres, alongside over 200 existing industrial areas.
Speaking at the inaugural GIM Investor Karnataka 25 event, he said these zones will be equipped with world-class infrastructure, and ₹3,800 crore will be allocated to provide clean water to industrial areas.
The minister added that the government’s policy is focused on reducing production costs while improving efficiency. To achieve this, a “cluster-based policy” has been adopted, which involves setting up clusters for aerospace and defence, electric vehicle manufacturing, pharma, deep-tech, and drone parks across the state.
The Karnataka Industrial Areas Development Board (KIADB) has already developed over 85,000 acres of industrial land, which is home to 25,000 industries.
“With fierce competition from China and global uncertainties, the state is determined to redefine its industrial landscape. Through digital transformation, eco-friendly initiatives, and a focus on competitiveness, Karnataka is set to become a global manufacturing and innovation hub,” Patil remarked.
Technological adoption, investment attraction, and the establishment of competitive industries are seen as key drivers for future economic growth, the minister said. The government is also implementing digital transformation within the industrial sector, with special attention being given to eco-friendly initiatives and reducing emissions.
Alongside, the government is focusing on supporting small and medium industries, which employ 55 lakh people across 8 lakh medium, small and micro units, to drive economic growth and job creation, he added.
