Daijiworld Media Network - Bengaluru

Bengaluru, Mar 27: The Karnataka government has announced a major boost to employment and industrial growth, signing agreements worth Rs 51,469 crore with 48 companies, expected to generate around 70,000 jobs across the state.

The deals were formalised at the Invest Karnataka Conclave 2026, with multinational firms from the aerospace, automotive, biotechnology, and manufacturing sectors committing their investments in the presence of industries minister M B Patil.

“These investments are over and above those announced during the Global Investors Meet and the Davos Summit and are the result of sustained efforts over the past two months. Our focus on attracting investments will continue in a steady manner. These commitments will not only create jobs but also further strengthen Karnataka's position as a leading industrial and employment hub in the country,” Patil said.

He added that the scale of investments and the sectors involved reflect strong confidence among industry leaders in Karnataka’s industry-friendly policies, ease of doing business, availability of skilled manpower, and the state’s capability to execute projects efficiently.

Memoranda of Understanding were signed with companies including Axiscades, Ultraviolette, SFO Technologies, Mahindra Aerospace, and Yazaki.

More than 100 representatives from leading companies and tech startups participated in the conclave.