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Karnataka Considers Overseas IKF Offices to Drive Industrial Investment
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News18•13-10-2026, 18:15
Karnataka Considers Overseas IKF Offices to Drive Industrial Investment
- •Karnataka is exploring the establishment of Invest Karnataka Forum offices in the United States, Japan, Taiwan, South Korea and France.
- •Minister M B Patil directed officials to assess the proposal, consult stakeholders and submit a detailed report.
- •The state aims to stay competitive as other Indian states establish overseas offices to attract global investors.
- •Key focus sectors for Karnataka include manufacturing, semiconductors, aerospace and defence.
Key Questions Answered
Karnataka is exploring the possibility of setting up Invest Karnataka Forum offices in the United States, Japan, Taiwan, South Korea, and France to attract industrial investment and engage directly with global investors.
Karnataka's economy is at a turning point with a growing focus on manufacturing, semiconductors, aerospace, and defence, making it essential to attract targeted global investments.
The Karnataka government decided to establish a new Department of Global Investment and Overseas Affairs to strengthen engagement with non-resident Indians, attract foreign investment, and coordinate global partnerships.
