Bengaluru, July 6 -- Karnataka Minister for Large and Medium Industries, MB Patil, stated on Saturday that Rs 3.4 lakh crore worth of formal project applications have been filed out of the Rs.5.56 lakh crore investment commitments made for the manufacturing sector during the Global Investors Meet (GIM) - Invest Karnataka 2025. This amounts to a 62% conversion rate.

Speaking at an exclusive session organised by the Confederation of Indian Industry (CII) in the presence of Union Minister for Commerce and Industry Piyush Goyal, MB Patil attributed this impressive conversion as a result of sustained post-MoU engagement with investors, ensuring that intent translates into tangible action.

"Companies such as Krones, Safran, TASL, and many oth...