Davos Summit: Karnataka Secures ₹13,070 Crore Investment Commitments

• Karnataka garnered ₹13,070 crore in investment commitments at the World Economic Forum (WEF) annual meeting in Davos.
• Investments span renewable energy, aerospace, data centers, food processing, and advanced manufacturing sectors.
• RP-Sanjiv Goenka Group pledged ₹10,500 crore for renewable energy in Vijayapura and Ballari; Carlsberg Group to build a ₹350 crore bottling plant in Nanjangudu.
• Schneider Electric proposed ₹1,520 crore for IT operations, INOX GFL to invest ₹400 crore for wind power towers and solar panels, and Belrise Industries to expand its Mysuru facility with ₹300 crore.
• Global companies like Nokia, Mistral AI, Vast Space, Crescent Enterprises, and Bharti Enterprises showed interest in expanding or establishing operations in Karnataka, including a potential 'Singapore Park' and R&D centers.

Why It Matters: Karnataka attracted significant investments at Davos, boosting its economic growth and global industrial standing.