Karnataka attracted investment project proposals worth ₹7,59,936 crore between 2018-19 and 2022-23 and the highest jump was registered in 2022-23 as the State successfully attracted ₹4,51,516 crore projects.
A study brought out on “investment, growth & development in Karnataka between 2018-19 and 2022-23” by the MSME Export Promotion Council along with the Confederation of Organic Food Producers & Marketing Agencies (COII) and released by MSME EPC chairman D.S. Rawat said as per the data available through Centre for Monitoring of Indian Economy (CMIE), the State received new investment proposals of ₹4,51,516.2 crore in 2022-23, ₹79,816.4 crore in 2021-22, ₹74,967.7 crore in 2020-21, ₹94,361.8 crore in 2019-20, and ₹59,273.8 crore in 2018-19.
It was noted that in 2022-23, the total outstanding projects were worth ₹16,43,466.3 crore and projects under implementation were worth ₹8,22,070.4 crore. Once the implementation of the outstanding projects was completed, the study estimated the generation of over five lakh additional direct and indirect jobs in the State.
