BENGALURU: Chief Minister Siddaramaiah said that the New Industrial Policy 2025-30 announced by the State government in order to create a conducive environment for industries in the state, aims to attract Rs 7.5 lakh crore worth investment creation of 20 lakh new jobs.
He said that, a testing track of international standards and a state-of–the-art EV cluster with common infrastructure will be set up in Bengaluru zone at a cost of Rs 25 crore.
The government has announced the Karnataka Clean Mobility Policy 2025-30. It is aimed towards attracting 50,000 crore investment from Clean mobility automotive value chain and creating approximately one lakh new jobs.
Foxconn has started a mobile phone manufacture plant in Devanahalli Industrial Area with a capital investment of Rs 21,911 crore.
The revised Sand Mining Rules have been implemented in the year 2024-25. It is expected that a total of Rs. 5,847 crore additional revenue will be generated in the following years.
The government promises of providing free electricity for weavers with 1-10 HP powerlooms and Rs 100 crore has been allotted for 90,645 weavers. The budget further focuses on implementing a new IT policy in the year 2025 with the aim of further strengthening the state’s presence in the field of information technology.
A Centre for Applied AI for Tech Solutions (CATS) will be set up with an investment of Rs 50 crore over the next five years to make Karnataka a leader in the field of AI.
A state-of-the-art PCB Park will be developed in Mysuru on 150 acres of land and also starup ecosystem will be developed in Mysuru, Mangaluru, Hubballi-Dharwad and Kalaburagi.
Commerce and Industries
- Karnataka Employer’s Trust Bill & Compliance Network to be introduced to decriminalize violations & digitize processes for first in India.
- Karnataka Clean Mobility Policy 2025-30 aims to attract RS 50,000 crore investment & 1L jobs in EV sector.
- Rs 25 crore allocated for international-standard EV testing track & cluster in Bengaluru.
- Foxconn’s Rs 21,911 crore mobile plant in Devanahalli & Doddaballapur; RS 6,970 crore incentives from ESDM.
- Rs 193 crore for women’s dormitory in Kolar & Tumkur.
- Flatted factories with Plug & Play facility in Vijaypura
- Multi-Sector Net-Zero Industrial Park development.
- Japanese Industrial Park in Tumkur under Chennai-Bangalore Corridor
- Rs 1 crore subsidy for Bidariware & sandalwood artisans’ to purchase raw materials.
- Rs 185 crore allocated to assist 3,758 MSMEs (2025-26).
- New MSME Policy to focus on SDGs, economy & regional balance.
- E-way bill mandate for minor minerals to curb GST/royalty evasion; revenue boost expected.
- Rs 20 crore for sugar factory area roads.
- Weavers Package 2.0 launched to merge schemes, boost livelihoods.
- Free electricity for 1-10 Hp looms; Rs100 crore for 90,645 weavers.
- New Textile Policy 2025-30 to target 2 lakh jobs and investments.
- Textile Parks in Karkala, Ranebennur, Raichur, Kadur, Chikkamagaluru (PPP) and PM Mitra Park in Kalaburgi.
Information Technology, Biotechnology, and Science & Technology
- Upcoming IT Policy (2025): Focus on cloud computing, emerging technologies, and expansion to Tier-2 & Tier-3 cities.
- LEAP Programme: Rs 1,000 crore initiative to boost startups beyond Bengaluru, creating 5 lakh jobs. Rs 200 crore allocated this year.
- Rs 50 crore investment for Center for Applied AI for Tech-Solution (CATS).
- Rs 48 crore for Quantum Research Park (Phase-2) in association with IISc, Bangalore.
- Biotechnology 2024-29 is expected to attract Rs 1,500 crore investment with RS 220 crore for incentives.
- Flat floor factory with Plug and Play facility in Kalaburagi
- Rs 57 crore for reconstruction of Bengaluru Bio-Innovation Center, RS 20 crore allocated this year.
- Global Innovation Districts to be developed through : KEONICS in Mysuru, Belagavi, Dharwad, Bengaluru.
- Science sub Centres to come up in Kolar, Ramanagara, Chitradurga, Vijayanagara (RS 9 crore).
- SensorTech Innovation Hub at Rs. 99 crore investment for R&D in sensors in collaboration with Government of India and the Industry.
- KEONICS to establish Global Technology Centres in Mangaluru, Hubballi, and Belagavi.
- Agri-Tech Accelerator: To be set up in Kalaburagi for agricultural technology integration.
