Karnataka honours 38 MSMEs for innovation at Invest Karnataka 2025
The awards were conferred in multiple categories, including the Sector Excellence Award, Empowerment Achievement Award, Outstanding Woman Entrepreneur Award, and Best Performer in the District.
The Karnataka government honoured 38 Micro, Small, and Medium Enterprises (MSMEs) on Friday at 'Invest Karnataka 2025' (Global Investors' Meet) recognising their contributions to industrial growth and innovation.
The awards were presented in the presence of Karnataka Governor Thaawarchand Gehlot and Deputy Chief Minister DK Shivakumar.
Union Minister of State for Labour and Employment and MSMEs Shobha Karandlaje, Karnataka Minister for Large and Medium Scale Industries MB Patil, Agriculture Minister N Chaluvaraya Swamy, and Karnataka State Road Transport Corporation Chairman Ramalinga Reddy were also present on the occasion.
The awards were conferred in multiple categories, including the Sector Excellence Award, Empowerment Achievement Award, Outstanding Woman Entrepreneur Award, and Best Performer in the District.
These awards reflect Karnataka’s commitment to fostering innovation and inclusivity in the MSME sector.
In the lead-up to Invest Karnataka 2025, the government implemented several MSME-focused initiatives.
These included technology upskilling programmes, financial enablement, and business matchmaking opportunities. The aim was to ensure that industrial development extends beyond Bengaluru, stated a release issued by the Karnataka government.
Karnataka's New Industrial Policy 2025-30 targets an investment of Rs 7.5 lakh crore, Deputy Chief Minister D K Shivakumar announced on Tuesday.
The policy also aims to accelerate the annual growth rate of the manufacturing sector in the state to 12% and generate employment opportunities for around 20 lakh people during the policy period.
The Government of Karnataka launched the New Industrial Policy 2025-30 on Tuesday at the inaugural event of Invest Karnataka 2025.
The policy focuses on the sunrise sectors and aims to position the state as a leader in ESDM (electronics system design and manufacturing), advanced manufacturing, aerospace and defence, and future mobility.
(with inputs from PTI)
Edited by Megha Reddy