Karnataka scored big at the World Economic Forum in Davos, Switzerland, signing eight MoUs with global companies valued at Rs 23,000 crore. Led by Minister M B Patil, the delegation engaged in 50+ meetings with global industry leaders.

Highlights:

• Web Werks committed a whopping Rs 20,000 crore for a hyper-scale data centre.
• Microsoft pledged to invest in digital skilling initiatives.

Hitachi aims to boost economic growth in Karnataka, focusing on rural areas, particularly in healthcare, education, and Panchayat E-Governance. This partnership is set to create more opportunities and employment in the state.

Diverse Sectors:

• MoUs worth Rs 3,000 crore were inked across digital healthcare, smart city infrastructure, renewable energy, and data centers.
• Lulu Group expands in Vijayapura and Kalaburagi, contributing to development beyond Bengaluru.
• BL Agro establishes a food processing unit in Vijayapura.

Tech Talks:

• Artificial Intelligence took the spotlight in discussions with companies like HCL, HP, Cisco, and Sony.
• Sustainability and Citizen Services were key areas of focus, engaging with companies such as Planet, Volvo, and Nestle.

North Karnataka Development:

• Several companies committed to setting up facilities in north Karnataka, furthering equitable development.

Next Steps:

• The delegation is keen on realizing these agreements, turning discussions into tangible investments.
• Addressing feedback is a priority for the smooth implementation of these projects.

This successful outing positions Karnataka for substantial economic growth and technological advancements. The MoUs reflect a strategic focus on crucial sectors, ensuring a broad impact on the state’s development.