Anand Mahindra, Chairperson of Mahindra & Mahindra Ltd, has announced an investment of ₹40,000 crore in Karnataka over the next five years, with a focus on renewable energy, tourism and hospitality, aerospace and defence, electric three-wheeler manufacturing, and real estate. The investment will build upon the group’s existing ₹5,000 crore real estate projects in Bengaluru, with plans to invest an additional ₹6,000 crore shortly. Mahindra emphasized the state’s support and policies, such as the New Industrial Policy and the Global Capability Corridor (GCC) policy, which has fostered a positive business environment for his group.
Sajjan Jindal, Chairman of JSW Group, also announced an investment of over ₹1 lakh crore in Karnataka, with a focus on steel manufacturing, hospitality, solar power, clean energy, and green hydrogen projects. The investment will expand existing steel manufacturing capacity, implement cutting-edge AI and robotics, and produce high-quality steel.
Other announcements made at the Global Investors Meet (GIM) 2025 included:
* JSW Infrastructure’s plan to develop an all-weather, deep-water, greenfield port at Keni on a public-private partnership basis
* A ₹54,000 crore investment by Baldota Steel & Power Ltd for an integrated steel plant
* A ₹50,000 crore investment by Tata Power Renewable Energy Ltd for renewable energy power projects and rooftop solutions across the state
* A ₹22,200 crore investment by Hero Future Energies for renewable energy, green hydrogen, and its derivatives
* A ₹21,950 crore investment by Suzlon Energy Ltd for wind power projects
* A ₹10,000 crore investment by Lam Research for semiconductor equipment manufacturing
These investments are expected to create jobs and stimulate economic growth in the state. The announcements have been made possible by the state’s supportive policies and business-friendly environment.