₹1.5-lakh-cr investments proposed at global meet

Karnataka Medium and Large Industries Minister Murugesh Nirani informed that proposals for investment of ₹9.82 lakh crore have been received (since January this year) out of which ₹2.83 lakh crore were approved by the single-window/State high-level clearance committee (SWCC/SHLCC) and ₹1.57 lakh-crore investments were announced during the Global Investors' Meet (GIM).

The energy sector received the major chunk of investment proposals, indicating the government's thrust on alternative energy sources such as green hydrogen, green ammonia, wind, and solar.

According to Nirani, 90 per cent of the investment plans were meant for places outside Bengaluru. The government is encouraging the 'One District, One Product' initiative to promote industries.

Nirani vowed to improve waterways, airways, railways, and roadways in a big way. He promised appointing nodal officers to help the investors with necessary infrastructure, water, power supply, and skilled manpower. There are eight airports operating in the State and three more would come up soon.