The Karnataka Government projects to attract ₹7.5 lakh crore in investments and create 20 lakh jobs over the next five years. The Government is also focused on scaling up merchandise exports by leveraging Free Trade Warehousing Zones, export-oriented industrial parks, and faster port access.

The State plans to position itself as India’s most competitive ESDM manufacturing destination by attracting OSAT/ATMP players and strengthening the component ecosystem. With focused efforts in sectors like EVs, semiconductors, aerospace, and advanced textiles.

Speaking to the media on the first edition of “Uthpadana Manthana,” a post-Invest Karnataka 2025 initiative to fast-track the State’s vision of becoming India’s premier manufacturing hub, MB Patil, Minister for Large and Medium Industries and Infrastructure Development, stated: “This initiative goes beyond policy discussions — it’s about working directly with industry leaders to co-create practical, high-impact solutions.”

 This conclave brought together around 80 senior executives — CEOs and CXOs — from nearly 60 companies across key sectors. These leaders engaged in focused discussions around six priority areas identified by the government: Aerospace & Defence (including Space Tech and Drones), Electronics and Semiconductors, Capital Goods and Robotics, Auto & Electric Vehicles, Technical and MMF-based Textiles, and Consumer Products such as FMCG, footwear, and toys.

During the conclave, sector leaders presented specific recommendations that were consolidated into a government action plan for the next 6–9 months. Suggestions included integrating elective courses in electronics and semiconductor manufacturing into academic curricula with a focus on hands-on learning; improving port connectivity to Mangalore and Chennai from industrial clusters to ease exports; and streamlining customs clearance procedures to enhance ease of doing business. There was also a strong call for the development of integrated industrial townships with plug-and-play infrastructure, last-mile connectivity, and social amenities.

Further proposals included establishing an Advanced Manufacturing Institute in collaboration with CMTI and industry players to boost local talent and innovation, and promoting Karnataka’s capital goods manufacturing strength globally by setting up dedicated trade desks in countries like South Korea.

Additionally, the state aims to reinforce its position as the EV Capital of India by boosting domestic value addition, attracting more OEMs and Tier-1 suppliers, and developing clusters for battery and motor components. It also looks to anchor ambitious leadership in sunrise sectors such as green hydrogen, semiconductors, med-tech, aerospace MRO (Maintenance, Repair, and Overhaul), precision engineering, and space tech.

Published on June 10, 2025