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Karnataka Budget 2026: Industry Leaders Flag Infrastructure, Skill And Financing Gaps

Chief Minister Siddaramaiah on Friday presented his record 17th state budget, outlining a Rs 4.48 lakh crore spending plan for the financial year 2026–27. He also announced several initiatives to strengthen commerce, industry and micro, small and medium enterprises (MSMEs).

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Karnataka Budget Targets MSME Strengthening, GCC Expansion And Emerging Tech

The Karnataka state Budget presented by Chief Minister Siddaramaiah reflects the Karnataka government’s continued focus on economic growth, industrial expansion, technology development and balanced regional progress across Karnataka.The Budget focuses on a Rs 4.48 lakh crore outlay strengthening MSMEs, AI, and industrial infrastructure. Key highlights include proposed tax reforms for MSMEs, including reduced stamp duty on loans, professional tax exemptions, and specialized industrial clusters.

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Karnataka intends to lead in the AI economy: KDEM

Sanjeev Kumar Gupta, KDEM, stated: “Today’s budget is Karnataka’s clearest signal yet: this state doesn’t just participate in the AI economy, it intends to lead it. The Bangalore Robotics and AI Innovation Zone, AI Centers of Excellence, and the Beyond Bengaluru vision all reflect a Karnataka that is innovative, inclusive, and unstoppable. We also appreciate the Government of Karnataka’s continued focus on strengthening cities such as Mysuru, Mangaluru, and the Hubballi-Dharwad-Belagavi corridor, which are increasingly attracting technology investments, and new businesses under the Beyond Bengaluru mission.

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Karnataka budget unveils Rs 1,386 crore K-QUEST project to upgrade skill training ecosystem

Karnataka Chief Minister Siddaramaiah, while presenting the state budget on March 6, announced the launch of K-QUEST (Karnataka – Quality Upgradation for Employment and Skills Transformation) project with a total outlay of Rs 1,386 crore over five years to strengthen the state’s skill development ecosystem.

Karnataka budget unveils Rs 1,386 crore K-QUEST project to upgrade skill training ecosystem Read More »

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