Karnataka Holds Talks With 46 Global Firms at Davos, No MoUs Signed
Minister MB Patil says state prioritised on-ground visits over hasty agreements at WEF.
Karnataka’s delegation engaged in high-level bilateral discussions with 46 global and Indian companies, investors, academic institutions, and country leaders during the World Economic Forum in Davos. Industry Minister MB Patil announced the development on Saturday, highlighting engagements across key sectors including aerospace and defence, advanced manufacturing, beverages and food processing, space technology, data centres, and digital infrastructure.
No Memorandums of Understanding (MoUs) were signed during the event. Patil explained the deliberate strategy behind the decision: the state preferred investors to visit Karnataka firsthand to assess its robust talent pool, resources, and investor-friendly policies rather than committing through agreements signed remotely at Davos. This approach aims to ensure more grounded and sustainable investment outcomes.
The minister also referenced the strong momentum from the previous year’s Global Investors’ Meet (GIM) in Karnataka, where investment commitments worth ₹10.7 lakh crore were secured. Those pledges continue to form a solid foundation for the state’s economic outreach efforts on the global stage.
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The Davos engagements reflect Karnataka’s ongoing push to position itself as a preferred destination for cutting-edge industries and technology-driven investments. By focusing on quality interactions over immediate paperwork, the state hopes to convert interest into tangible projects after potential investors experience its ecosystem directly.
Patil’s comments come amid Karnataka’s sustained efforts to attract FDI and domestic capital in emerging sectors, building on its reputation as a hub for IT, biotech, aerospace, and innovation.
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