Siddaramaiah Highlights Achievements and Future Plans on Independence Day

On the 78th Independence Day, Karnataka Chief Minister Siddaramaiah revealed that the state has secured ₹54,427 crore in Foreign Direct Investment (FDI) for 2023-24, ranking third in India. In his address after hoisting the national flag at Manekshaw Parade Ground, Siddaramaiah emphasized the state’s multifaceted approach to boost economic growth through industry, agriculture, infrastructure, and education. The state has signed MoUs with 13 industries, promising investments of ₹42,915 crore and 22,600 new jobs. Additionally, 591 investment projects approved this year are expected to bring ₹84,232 crore and create 1,56,986 jobs.

Karnataka also leads the nation in exports with a value of USD 1,66,545 million, showing a 5.20% increase from the previous year. The upcoming Global Investors’ Meet, Invest Karnataka 2025, is in full preparation, and roadshows are being conducted to attract global investors. The Karnataka Clean Mobility Policy 2024-29 aims to attract ₹50,000 crore in investments and create approximately 100,000 new jobs.

Siddaramaiah outlined plans for significant infrastructure development, including 1,917 km of state highways and 150 bridges this year. The “Brand Bengaluru” initiative will transform the city with ₹48,686 crore in investments, focusing on projects like the Peripheral Ring Road to alleviate traffic congestion. Additionally, the government is addressing flood relief efforts, with ₹855.02 crore allocated to the Yettinahole Project and compensation measures for flood-affected families. Efforts to mitigate landslides and human-wildlife conflicts are also underway, with significant investments in prevention and management strategies.

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