K’taka Targets $1 Trillion Economy: Curtains raise for ‘Invest Karnataka 2025’ in Bengaluru

Karnataka Chief Minister Siddaramaiah launched on Wednesday that the state authorities objectives to achieve an annual industrial improvement charge of 15-16 per cent to succeed in a $1 trillion monetary system by 2032.

Addressing a curtain-raiser event for the upcoming Global Investor Meet ‘Invest Karnataka 2025’ scheduled to be held in February subsequent 12 months, Siddaramaiah talked about that over the previous decade, the state has posted a improvement of 9.3 per cent.

“The authorities’s imaginative and prescient extends previous town amenities, that means to unfold industries to rural areas, notably Kalyana Karnataka, by focused cluster enchancment initiatives,” Stating that Karnataka seeks to showcase its technological prowess and manufacturing excellence by the Global Investor Meet, the Chief Minister talked about, “We aspire to put Karnataka on the worldwide stage as a primary participant in the worldwide present chain.”

At the event, state Large and Medium Industries Minister M.B. Patil launched the ‘ventuRISE 2025’ and launched {{that a}} new Karnataka Industrial Policy 2025-2030 is being drafted to include the best-in-class incentives to verify competitiveness in attracting merchants.

“The theme of this model, ‘Reimagining Growth’, shows the operate Karnataka must play in promoting improvement that is tech-driven, inexperienced, inclusive, and resilient,” Patil talked about.

In the run-up to the grand event, assorted high-level conferences, events, roadshows, and completely different programmes will be organised.

The highlights embody the first model of SME Connect ’25, the second model of VentuRISE – Global Startup Challenge and Startup Conclave, and the Future of Innovation exhibition, Patil talked about.

There is usually a assortment of world roadshows to introduce Karnataka’s manufacturing ecosystem to worldwide companies and visits to worldwide nations to ask commerce leaders for the Global Investor Meet.

These visits embody a go to to Japan from June 24 to twenty-eight, defending Tokyo, Nagoya, and Osaka, adopted by a go to to South Korea from July 1 to 5, defending Seoul, Incheon, and the Gyeonggi area, Patil talked about.

(With inputs from IANS)