BENGALURU — During the presentation of the Karnataka Budget 2026-27, Chief Minister Siddaramaiah announced that the state is poised to attract ₹45,000 crore in investments within the semiconductor and electronics sectors.
The ambitious target comes as global tech giants like Foxconn, Lam Research, and Applied Materials ramp up their operations in the region, solidifying Karnataka’s status as India’s premier technology hub.
Driving India’s Digital Export Engine
Karnataka continues to be the powerhouse of India’s tech economy. The Chief Minister highlighted several key milestones and projections:
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Export Dominance: The state currently accounts for 43% of India’s total IT exports.
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Future Growth: Software exports are projected to hit ₹11.5 lakh crore by 2030 under the new Information Technology Policy 2025-30.
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Startup Capital: With over 18,000 active startups, Karnataka remains the top-ranked ecosystem for innovation in the country.
New Frontiers: AI and Robotics
To maintain its competitive edge, the 2026-27 budget outlines significant investments in emerging technologies:
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AI & Robotics Campus: A new dedicated campus will be established under the AI and Robotics Technology Park (ARTPARK) at the Indian Institute of Science (IISc), in collaboration with ISRO and KEONICS.
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Raichur AI Centre: A Centre of Excellence for Artificial Intelligence will be set up at the IIIT-Raichur with an initial outlay of ₹5 crore.
Strategic Investment Outlook
| Sector | Key Investors | Expected Investment |
| Semiconductors | Foxconn, Lam Research | ₹45,000 Crore |
| IT/Software | Global Capability Centres (GCCs) | ₹11.5 Lakh Cr (by 2030) |
| Emerging Tech | IISc, ISRO, IIIT | AI & Robotics Infrastructure |
“It is a matter of pride that major global companies have recently invested in the state,” Siddaramaiah stated. “We anticipate these strategic moves to catalyze a new era of electronics manufacturing and design.”
