Karnataka Battles for Semiconductor Investments Amid Allegations of Favoritism
Karnataka's industry representatives allege that the central government is directing semiconductor investments to BJP-ruled states. Despite accusations of discrimination, Karnataka continues to attract significant investments, with over Rs 10,500 crore invested in the past two years, including a major unit by Foxconn.
On Wednesday, Karnataka’s Large and Medium Industries voiced concerns, accusing the Centre of steering semiconductor investments towards BJP-ruled states.
Information Technology and Biotechnology Minister Priyank Kharge criticized the Centre for allegedly coercing companies to prioritize Gujarat and Assam. Despite such claims, industry leaders are affirming Karnataka's commitment to fostering a thriving business environment.
Minister Patil reassured that Karnataka has neither lost industries nor seen them relocate. With an excellent work environment and abundant talent, the state is positioning itself as a key player in attracting global investors, evidenced by recent investments, including a major Foxconn unit.
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