Karnataka Inks MoU with 48 Companies Worth Rs 51,469 Crore 

Karnataka has inked MoUs with 48 global businesses in the aerospace, automotive, biotechnology, and industrial sectors, committing Rs 51,469 crore to the state.

The agreements were inked by company executives in the presence of Large and Medium Industries Minister MB Patil at the Invest Karnataka Conclave 2026 in Bengaluru.

Speaking at the event, the minister stated that the investments are in addition to those announced at the Global Investors Meeting and the Davos Summit, and are the product of ongoing efforts over the last two months. He also stated that the state will continue its efforts to attract investors.

“These commitments are expected to generate around 70,000 jobs and will further strengthen Karnataka’s position as a leading industrial and employment hub in the country,” Patil said.

He stated that the amount of investments and sectoral spread shows industry leaders’ strong belief in Karnataka’s industry-friendly policies, ease of doing business, availability of trained labour, and the state’s execution capabilities.

MoUs were inked with companies including Axiscades, Ultraviolette, SFO Technologies, Mahindra Aerospace, and Yazaki, among others. More than 100 representatives from major corporations and technological startups attended the conference.

Reiteration of incentives.

The government underlined important policy initiatives to increase industrial investment. Zoning restrictions have been changed to boost land available for industrial use, with allocations increasing from 68% to 70% at the industrial park level and from 34%-44% to 48-53% at the plot level.

It also announced the designation of 20 Special Investment Regions throughout the state, where property tax revenues will be reinvested locally for development and maintenance. A new single-window system has been implemented to speed approvals and investments.

Sector-specific investment details

The Electronics System Design and Manufacturing (ESDM) and data centre segment received the most investment, totalling Rs 24,103 crore from 13 companies. Aerospace and defence followed with Rs 13,800 crore from 11 firms.

Thirteen corporations committed Rs 6,503 crore to the manufacturing sector, while seven companies committed Rs 4,998 crore to the automobile and electric vehicle industries. Four businesses invested Rs 2,065 crore in the pharmaceutical and biotechnology sector.

Company Investments and Employment

Among major investments, Mahindra Aerospace committed Rs 2,000 crore, with an anticipated 3,000 jobs, and Unimech announced Rs 1,000 crore, with the potential for 5,000 jobs. NewSpace would invest Rs 1,100 crore, producing 1,400 jobs, while Astemo has committed Rs 1,222 crore and over 3,000 jobs.

Ultraviolette is to invest Rs 1,000 crore, creating around 1,900 jobs, while Pace Digitek would invest Rs 1,750 crore, creating 1,500 jobs. Axiscades and Centum have pledged Rs 500 crore and 1,500 jobs each. Ananth Technologies plans to invest Rs 500 crore and generate 800 jobs.

Other companies include Heaview Aerotech, Nibe, Panattoni, Tanbo, KP Group, Yazaki, Epoch Tech, Kaynes Technologies, Mini Mines, Amovio, and others.

Karnataka Bets on Emerging Sectors

“Karnataka is committed to proactively anticipating future needs by promoting investments in emerging technologies and industrial sectors,” Patil said.

He went on to say that the state is focusing on advanced manufacturing, semiconductors, green energy, and digital technology, as well as developing strong infrastructure to power the next phase of industrial growth.

“In the current volatile global environment, when industries are facing uncertainty, the need for coordinated efforts between the government and industry has become more important than ever,” he said.

The minister emphasised that both domestic and global companies in sectors such as aerospace and defence, electric vehicles, ESDM, data centres, pharmaceuticals, biotechnology, and manufacturing have committed to establishing new facilities and expanding operations in Karnataka.

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