Industries Minister MB Patil announced that 46 percent of the investment agreements (MoUs) signed at the Global Investors’ Meet (GIM) in February 2025 have already been realised in Karnataka.

By the end of December last year, Rs 4.71 lakh crore of the total Rs 10.27 lakh crore in commitments had translated into actual investments. “We are ensuring that no project remains confined to the MoU stage, but is taken to its logical conclusion,” Minister Patil said. Among the major investments, Rs 3.22 lakh crore out of Rs 5.66 lakh crore in the manufacturing sector has materialized. In renewable energy, Rs 1.41 lakh crore has been realized from commitments of Rs 4.25 lakh crore.

Key proposals include Silfex’s Rs 9,300 crore semiconductor facility, MV Energy’s Rs 5,495 crore solar expansion, and Jindal Steel’s Rs 7,000 crore electrical steel unit. Tata Power, Volvo, Suzlon, and Havells are among other companies contributing significant investments. These developments reflect Karnataka’s growing industrial and renewable energy landscape.