Karnataka Prioritizes Global Investments, Avoids MoUs with Indian Firms at Davos: MB Patil

• Karnataka's Industries Minister MB Patil stated the state 'consciously avoided' MoUs with Indian firms at Davos, focusing on global companies.
• The state held over 50 meetings with global firms, aiming for fresh investments, and contrasting with Maharashtra's reported Rs 30 lakh crore MoUs.
• Patil highlighted that Karnataka had already secured Rs 10.27 lakh crore in investment commitments at its recent Global Investors Meet, with 50% realized.
• Karnataka's strong investment ecosystem is attributed to its century-old industrial legacy, institutions like HAL, ISRO, and a deep talent pool.
• Bengaluru hosts over 400 Fortune 500 GCCs, dominates aerospace/defense manufacturing (65% output), and is a hub for AI startups and private space tech.

Why It Matters: Karnataka prioritizes global investments and execution, leveraging its strong industrial and talent ecosystem for sustained growth.