Part 6/11:
Karnataka’s strategic importance is reflected in significant foreign investments. For instance, tech manufacturing giant Foxconn announced an investment of 21,000 crore INR (~2.7 billion USD) in Bangalore, which also incorporates AI-driven smart manufacturing solutions.
Karnataka’s longstanding reputation as a hub for Global Capability Centers (GCCs) — multinational companies establishing regional offices — continues to grow. Of the approximately 500 GCCs in India, about 40% are based in Karnataka, with many now progressing from simple offshore development tasks to engaging in R&D, product development, and intellectual property creation. The state has also introduced a GCC policy emphasizing R&D, deep tech, and innovation.