Karnataka seeks stronger investment ties with Hong Kong in ESDM, startups: MB Patil

Bengaluru: Karnataka is keen to deepen economic engagement with Hong Kong across ESDM, semiconductors, startups, fintech, biotechnology, clean mobility and advanced manufacturing, the industries minister M B Patil said in a statement.

The state plans to showcase its strengths in chip design, electronics, IoT and startups to investors, venture funds and tech platforms in Hong Kong, as per the statement. This will build on Invest Hong Kong’s Bengaluru outreach programme for Indian startups, it said.

The minister said the government has proposed closer collaboration between Invest Karnataka and the Consulate General of India in Hong Kong. He said the state has sought a Karnataka-focused investment roundtable in Hong Kong. It also wants a dedicated channel for investor leads and business delegations.


The state also aims to attract investments from Hong Kong family offices, financial institutions and venture capital funds into key sectors such as ESDM, semiconductors, fintech, clean mobility, biotechnology and advanced manufacturing, the statement said.

The minister said Hong Kong is a global financial centre and a gateway to North and Southeast Asia. He said its capital flows and investor-friendly ecosystem offer opportunities for Karnataka companies to raise global funds and expand abroad.

He said Karnataka and Hong Kong already have strong links in electronics, telecom equipment and manufacturing. Companies such as Lenovo, HSBC and CLP Group already operate in Karnataka.

The minister said bilateral trade stood at US$ 25.81 billion in 2024-25. He said stronger cooperation will help Karnataka attract more global investment and technology partnerships.