Karnataka Gets 25 Per Cent Of India’s Investment Proposals; Races Ahead Of Gujarat, Maharashtra

Racing ahead of Gujarat and Maharashtra, Karnataka has set a record in becoming the state to attract the maximum number of investment proposals in the first three quarters of this year. So far, data obtained from the Ministry of Commerce and Industry reveals that investment proposals that amount to Rs 83,236 crore have been pitched in Karnataka, giving it 25 per cent total value among all proposals in the country.

However, when it comes to the total number of projects proposed, Karnataka only accounts for 92 out of 1,486 at a rate of 6 per cent. Notable among the proposed major projects are JSW Solar’s worth Rs 240 crore, MK Agrotech’s project estimated at Rs 100 crore and others in the aerospace, auto sectors. Ultratech and Adani cements have pitched their own projects to the government.

At 347 proposals, Gujarat receives more than four times what Karnataka has been able to muster. But the value of projects in Gujarat are Rs 59,089 crore, well below what Karnataka’s are valued at.

Times of India reported that the state of Karnataka has so far received 23 proposals in the last couple of months. Some of them are in districts such as Bengaluru, Bidar, Ballari, Belagavi.