Karnataka’s efforts to attract global capital received a major boost at the World Economic Forum (WEF) 2026 in Davos, where a delegation led by Industries Minister M.B. Patil secured investment commitments totaling ₹13,070 crore. The deals cover multiple sectors, including renewable energy, aerospace, digital infrastructure, AI, data centres, and food processing, positioning Karnataka as a leading investment destination.
Key Investment Highlights
- RP-Sanjiv Goenka Group: ₹10,500 crore for renewable energy projects in Vijayapura and Ballari.
- Carlsberg: ₹350 crore to set up a bottling plant at Nanjangud.
- Schneider Electric: Proposed ₹1,520 crore investment, including IT operations.
- INOX GFL: ₹400 crore for wind towers and solar panels.
Global Capability Centres and Technology Investments
- Nokia: Plans to open a Global Capability Centre (GCC) and research hubs in Karnataka.
- Mistral AI: Exploring phased R&D expansion in Bengaluru.
- Bharti Enterprises: Planning a new data centre.
- Tech Mahindra: Expansion into Tier-2 cities.
- Sify Technologies: New data centre investments.
These investments reinforce Karnataka’s position as a hub for GCCs, AI innovation, and advanced technology operations.
Broader Impact
The 45 high-level meetings conducted during WEF helped highlight Karnataka’s industry-friendly policies, deep talent pool, and infrastructure readiness. The state continues to attract multinational enterprises across sectors, strengthening its ecosystem for research, technology, and enterprise operations.
Conclusion
The ₹13,070 crore in commitments at WEF 2026 signals Karnataka’s emergence as a global destination for investment, innovation, and Global Capability Centres, spanning AI, digital infrastructure, manufacturing, and renewable energy.
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