Karnataka has a mandate to capture investments to the tune of ₹1.4 lakh crore annually to boost the State’s economy, said Minister of Large and Medium Industries M.B. Patil here on Saturday.
The State was aiming to position itself as a best-in-class investment destination in Asia for future technology and advanced manufacturing, and to achieve this, the government has initiated several strategic initiatives that would attract investments worth ₹1.4 lakh crore a year, a whopping jump of 75% over the current level, said the Minister.
“We are targeting total investments of ₹7 lakh crore over next five years, which is a quantum jump,” he added.
