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The Hindu
The Hindu
National
Nagesh Prabhu

Karnataka in 5th place in terms of corporate investments, as per RBI data

Karnataka

Karnataka is one among the few States which are prime destinations for corporate investments. Karnataka secured 5th place among Indian States in attracting multi-State projects financed by select banks and financial institutions (FIs) during 2022-23.

Karnataka received 7.3% of the total projects, worth close to ₹19,500 crore, funded by major private sector and foreign banks, and financial institutions such as Industrial Financial Corporation of India (IFCI), Life Insurance Corporation (LIC), Power Finance Corporation (PFC), Rural Electrification Corporation of India (REC) and Export-Import Bank of India (EXIM), according to Reserve Bank of India’s August 2023 bulletin.

Areas of investment

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