Belagavi  has attracted investments worth Rs 28, 496.25 crore under the 'Invest Karnataka 2025' initiative from ten companies, including one from Canada.

With the resolution of land availability issues and the creation of dedicated industrial zones, Belagavi is now positioned as an attractive destination for major investments.

The development marks a major milestone for the region, which already hosts over 10,000 small and medium enterprises, particularly in foundry and automobile spare parts manufacturing.

Until recently, the district’s lack of adequate land and infrastructure had limited the entry of large-scale industries. 

Speaking on the development, Satyanarayan Bhat, Joint Director of Industrial Accounts, said,"Belagavi district now offers a highly favorable environment for industrial growth. More companies than expected have signed MoUs during the Invest Karnataka 2025 summit, and all necessary support will be provided to facilitate their establishment."

Among the ten companies, Canada-based Mugellan Aerospace Limited has committed Rs 115 crore to set up operations in the aerospace and defense sector. The largest investment comes from Hero Posture Energies Ltd., which plans to invest Rs 22,200 crore in the region. Authorities are in the process of allocating 150 acres at Kittur Industrial Estate for this project.