CM unveils vision of Rs 7.5L cr worth ventures, 20L jobs

NT Correspondent

Bengaluru: Chief Minister Siddaramaiah articulated an ambitious vision for Karnataka, targeting a 12 per cent growth rate in manufacturing, Rs 7.5 lakh crore in investments and generation of 20 lakh jobs in another five years. He made the remarks at the Invest Karnataka- 2025 summit inauguration in the city on Tuesday. “The New Industrial Policy 2025-30 outlines Karnataka's ambitious vision to drive innovation, sustainability, and inclusive growth, aiming for a 12 per cent annual growth rate in the manufacturing sector, while targeting Rs 7.5 lakh crore in investments and creating 20 lakh jobs by 2030,” Siddaramaiah said.

Karnataka is the ideal destination for futureready investments with its strong policies, worldclass infrastructure, skilled workforce, and focus on sustainability. We are building ecosystems that drive growth, create jobs, and enable global ambitions,” he added. The CM also emphasized a well-rounded policy of attracting investments all over Karnataka and not just Bengaluru. “From Bidar to Bengaluru, Belagavi to Bellari, development will reach every corner of our state. We are creating specialized industrial clusters tailored to local strengths, ensuring that every region thrives,” Siddaramaiah said. “The Beyond Bengaluru initiative ensures balanced industrial growth across the state while maintaining environmental responsibility,” he added.

He pointed out that Karnataka also had a significantly long coastline, which aided economic activity. “Karnataka's 320-kilometer-long coastline, dotted with vibrant ports, plays a crucial role in boosting maritime trade, fisheries, and coastal tourism,” the CM said. Siddaramaiah also pointed out that Bengaluru was home to Indian Institute of Science and Public Sector Undertakings like Hindustan Aeronautics Limited.