Over 45 meetings held during the five-day event helped position Karnataka as a leading global destination for artificial intelligence, Global Capability Centres, research and sustainable urban development

Karnataka has secured investment commitments worth over Rs 13,000 crore at the World Economic Forum (WEF) meeting in Davos, marking a significant boost to the State’s industrial and economic ambitions, Industries Minister M B Patil said.

Describing the WEF as a “major springboard” for Karnataka, the Minister said investment commitments totalling Rs 13,070 crore were received across key sectors such as aerospace, food processing, data centres, digital infrastructure, clean energy and advanced manufacturing. Over 45 meetings held during the five-day event helped position Karnataka as a leading global destination for artificial intelligence, Global Capability Centres, research and sustainable urban development.

Patil said discussions with global industry leaders not only laid the groundwork for fresh investments but also helped accelerate projects already underway, strengthening Karnataka’s competitiveness in global trade and industrial transformation. He added that business leaders appreciated the State’s industry-friendly policies and availability of skilled manpower.

Among major announcements, RP–Sanjiv Goenka Group will invest Rs 10,500 crore over the next three years in Vijayapura and Ballari districts in renewable energy. Carlsberg Group reiterated its Rs 350 crore bottling plant investment at Nanjangudu, while Schneider Electric committed Rs 1,520 crore, including IT operations. INOX GFL will invest an additional Rs 400 crore in wind and solar manufacturing, and Belrise Industries will invest Rs 300 crore to expand its Mysuru unit.

The Minister said discussions were held with the Singapore Economic Development Board on a proposed ‘Singapore Park’, while efforts were made to attract a share of Coca-Cola’s proposed India investment. Global players such as Nokia, Bharti Enterprises, Tech Mahindra, Mistral AI, Cloudflare and Imperial College London have shown interest in Karnataka, including projects in data centres, research, GCCs and Tier-2 city expansion.

Patil said these engagements reaffirm Karnataka’s position as a preferred global investment destination.