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Karnataka has signed investment deals worth ₹6.57 lakh crore in the last two years. Minister M. B. Patil said the state has approved 115 major industrial projects. These projects are expected to create over 2.32 lakh new jobs.
At the centre of this investment push is Queen City, a new industrial township planned near Dabaspet. It will spread across 5,000 acres and cost ₹40,000 crore. The city will focus on knowledge, wellness, safety, and innovation.
Queen City is expected to attract companies in sectors like clean energy, biotechnology, electronics, and advanced manufacturing. It will have dedicated zones for industries, residential spaces, parks, and digital infrastructure.
The project aims to reduce the burden on Bengaluru and create balanced growth across Karnataka. Officials say this township will follow global standards in planning and sustainability, offering both employment and a high quality of life.
Most of these investments came from the ‘Invest Karnataka’ event earlier this year. It attracted 98 companies and led to MoUs worth ₹6.23 lakh crore. So far, projects worth ₹4 lakh crore have been approved.
The state says over 6 lakh people will benefit from these projects through direct and indirect jobs. About 75% of jobs will be outside Bengaluru, and 45% are reserved for North Karnataka.
Minister M. B. Patil said under the 2025–2030 Industrial Policy, Karnataka is aiming for ₹7 lakh crore investments and 20 lakh jobs by 2030.
“Permissions, partnerships and people, we’re aligning all three,” Patil noted. “Queen City is not just a project. It’s a promise of a new industrial India rising from Karnataka.”
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