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The delegation aims to fortify Karnataka’s position as a premier investment destination by engaging with key stakeholders and industry leaders in these nations.
The objective of this delegation is to bolster Karnataka’s stature as a premier investment hub by engaging in dialogues with key stakeholders and industry magnates in these East Asian nations.
Commerce and Industries Department Principal Secretary Selvakumar S and Industrial Development Commissioner and Commerce and Industries Department Director Gunjan Krishna, along with other senior officers are accompanying the minister.
During the visit, the delegation will highlight Karnataka’s business-friendly policies and the state’s well-established ecosystem, which enables seamless operations and growth for foreign investors. They will particularly stress the availability of skilled human resources in Karnataka and showcase the single-window system implemented by the state government to streamline business processes and approvals. The delegation will engage with industry leaders from key sectors including Manufacturing, Semiconductors, Technology, Automobile, Petrochemicals, Gas, and Energy.
The delegation will extend invitations to stakeholders for the Invest Karnataka 2025 Global Investor Meet, scheduled to take place in February 2025 in Bengaluru. The event promises to be a pivotal platform for showcasing Karnataka’s investment potential and nurturing global business alliances.
In Japan, high-level meetings are scheduled with executives from prominent corporations such as Nissin Foods, Hitachi, Nissan Motor Corporation, Sumitomo Heavy Industries, Toyota Motor Corporation, and Yamaha Motor Company.
In South Korea, the delegation will hold discussions with major players like Hyundai Motors, Samsung Electronics, HL Mando Corporation, the Korea Chamber of Commerce and Industry (KCCI), and Krafton.
These engagements are designed to explore and secure collaborations, investment opportunities, and strategic partnerships, aiming to significantly bolster Karnataka’s industrial growth and drive innovation.
This marks the third international delegation led by Minister MB Patil in the last one year.
Previously, he led a 12-day delegation to the United States, engaging with 36 companies and securing investment interests totaling around $3 billion. He also spearheaded the state delegation to the World Economic Forum in Davos, resulting in the signing of seven MoUs valued at Rs 22,000 crore and garnering over Rs 700 crore in investment interest from top-tier companies.
