Karnataka Holds 46 Davos Meetings With Global Firms, No MoUs Signed Yet
Karnataka holds 46 Davos talks, no MoUs signed.
Karnataka Minister for Large and Medium Industries, MB Patil, on Saturday revealed that the state held extensive bilateral discussions with 46 global and Indian companies, investors, academic institutions, and country leaders at the World Economic Forum (WEF) in Davos. The engagements focused on exploring investment opportunities across sectors such as aerospace and defence, advanced manufacturing, food and beverages, space technology, and digital infrastructure.
Speaking at a press conference, Patil clarified that while discussions were fruitful, no Memoranda of Understanding (MoUs) were signed during the forum. “We consciously decided not to sign MoUs at Davos because we wanted the investors to visit Karnataka and experience the state’s resources, talent pool, and investor-friendly policies firsthand,” he said. The minister emphasized that this approach was aimed at long-term, committed investments rather than symbolic agreements.
Patil also highlighted that Karnataka had secured investment commitments worth Rs 10.7 lakh crore during the previous year’s Global Investors’ Meet, underscoring the state’s strong track record in attracting domestic and foreign investments. He said the discussions at WEF were intended to build on these successes and identify new avenues for collaboration.
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The sectors discussed during these bilateral meetings included emerging technologies such as space tech and data centers, along with traditional growth areas like manufacturing and food processing. According to the minister, the dialogues also involved sharing knowledge about the state’s infrastructure, regulatory policies, and skilled workforce, aiming to instill investor confidence before committing capital.
Karnataka’s participation at WEF reflects the state’s proactive approach to global engagement, positioning itself as a hub for innovation, industry, and investment. While no immediate deals were formalized, the interactions are expected to lay the groundwork for high-value investments in the near future, strengthening the state’s economic prospects on the global stage.
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