Karnataka Approves ₹6,350 Cr Data Centre Investment Proposals

Karnataka has attracted new industrial investment proposals worth ₹1.53 lakh crore in the 11 months following the Global Investors’ Meet (GIM) held in February last year, Minister for Large and Medium Industries M B Patil said on Saturday. The investments are over and above the commitments secured during the GIM. Ahead of his visit to the Davos economic summit as part of a high-level state delegation, Patil said the government’s investment outreach was a continuous process and not limited to the investors’ meet. He said leading companies had shown interest in sectors, including manufacturing, renewable energy, data centres and global capability centres (GCCs). The proposals are expected to be submitted to Karnataka Udyog Mitra shortly, after which approvals will be processed expeditiously. Of the total proposed investments, ₹66,293 crore is in manufacturing and industry, ₹20,913 crore in wind and solar power generation, ₹12,500 crore in GCCs, and ₹6,350 crore in data centres, he said.