A number of American companies have expressed interest in investing about 25,000 crore in the state, according to the Karnataka government.

M. B. Patil, the minister of large and medium industries, and Priyank Kharge, the minister of electronics and information technology and telecommunications, said together during a press conference that some of the companies are already in the process of investing close to USD $1 billion in the state as a result of the visit by a business promotion delegation led by them to the US.

"While some companies have planned to commence their operations here some others have proposed to expand their already existing operations. Our discussions primarily focussed on semiconductors, aerospace and defence, electric vehicles, space, and precision manufacturing," Patil said.

Applied Materials, AMD, Juniper, Global Foundries, LAM Research, Boeing, Krypton, Dell, MKS Instruments, GE Healthcare, Intelsat, RTX, Teradyne, Texas Instruments, Apple, and Waters Corp. were just a few of the top corporations with which discussions were had. A few potential firms, like Leolabs, Fictiv, and T-Second, were also met by the delegation.

Considering the rapidly shifting geopolitical landscape and the fact that many multinational corporations view India, particularly Karnataka, as an alluring, secure location for new investment or expanding their existing presence, Patil noted that the goal of the trip to the US was to highlight Karnataka's status as a promising destination for investment.

Discussions with business leaders focused on developing cooperative skilling programs, expanding the supplier base, enhancing the current R&D environment, and working with the state government to establish Centers of Excellence.

At a time when states across the nation, including China, are competing with one another to entice investors, Kharge stated that the goal of the trip to the US was to solicit investment.

The state government, according to the Patil, will offer further incentives to businesses willing to develop in areas outside of Bangalore.

According to Patil, Karnataka has consistently maintained its lead, accounting for around 40 percent of all FDI, and the government is currently rewriting its industrial policy to encourage even more investment.

A total of 36 interactive sessions were held throughout the course of the trip, which went from the east coast to the west coast of the US.