Karnataka is emerging as a prime investment hub in India, according to Deputy Chief Minister DK Shivakumar. Speaking at the World Economic Forum Annual Meeting, he highlighted Bengaluru’s global significance. “The world sees India through Bangalore,” he stated, emphasising Karnataka’s appeal as a business-friendly state.
Shivakumar, attending the forum for the first time, noted Karnataka’s diverse opportunities across various industries. He mentioned sectors like technology, healthcare, and artificial intelligence as key areas attracting global investors. The state’s initiatives in mobility and infrastructure development are also drawing attention.
Investment Opportunities in Karnataka
Investors are particularly interested in Karnataka’s advancements in metro systems, flyovers, and tunnels in Bengaluru. The city is perceived as safe with favourable weather and culture. Shivakumar also highlighted interest in two-tier and three-tier cities within the state.
During his visit, Shivakumar engaged with leaders from the US, Europe, and Saudi Arabia. Discussions focused on potential investments in semiconductors, artificial intelligence, startups, and healthcare. These sectors are seen as promising areas for foreign investment.
Karnataka’s Economic Strength
Shivakumar pointed out Karnataka’s robust economy compared to other Indian states. He noted that Karnataka contributes significantly to national taxes but receives a smaller share in return. “Centre gets 43 per cent of taxes from Karnataka, but we receive only 30 per cent,” he remarked.
The Deputy Chief Minister expressed confidence in Karnataka’s potential to attract more global investors. He reiterated that Bengaluru plays a crucial role in shaping India’s image internationally. “We are Karnataka, and as I said, India is seen through Bangalore and Karnataka,” he affirmed.
With inputs from PTI
