By Global Consultants Review Team ,
Karnataka is planning to strengthen its international investment strategy by bringing in external consulting expertise to attract foreign investors and expand global business partnerships.
The state's Department of Global Investment and Non-Resident Indian (NRI) Affairs is preparing to hire consultants for a three-year period and engage a leading global financial consulting firm to support its investment outreach initiatives.
The development comes as Karnataka looks to strengthen its position as one of India's leading destinations for international investment.
The proposed engagement is expected to support the state's efforts to connect with overseas businesses, identify investment opportunities and improve its global outreach strategy.
The proposed three-year consultancy engagement reflects Karnataka's intention to use specialised external expertise to strengthen its international investment efforts.
A global financial consulting firm is also expected to be engaged as part of the initiative. Such advisory support can help governments evaluate investment opportunities, understand international business requirements and develop strategies to attract multinational companies.
For consulting firms, the development highlights the growing demand for professional advisory services in government-led investment promotion. Financial consulting, strategic advisory, market research and international business development are areas where specialised consulting expertise can contribute to investment initiatives.
However, the state has not yet publicly identified the consulting firm or disclosed the financial terms and detailed scope of the proposed engagement.
The initiative follows the Karnataka government's decision to establish a dedicated Department of Global Investment and Overseas Affairs in September 2026.
The department was created to strengthen engagement with Non-Resident Indians (NRIs), overseas investors and international institutions. It is also expected to facilitate foreign investment proposals, coordinate global partnerships and address the requirements of Kannadigas living abroad.
Deputy Chief Minister G. Parameshwara previously explained that the initiative would help investors receive direct attention from senior government officials and improve coordination between departments.
The state is also strengthening its investor facilitation mechanisms through Karnataka Udyog Mitra and the Invest Karnataka Forum.
Karnataka's broader investment ambitions provide additional context for the proposed consulting engagement.
At the curtain-raiser for Invest Karnataka 2027, Chief Minister D.K. Shivakumar announced that the state aims to attract investments worth Rs. 7.5 lakh crore and generate 20 lakh employment opportunities by 2030.
The Global Investors Meet 2027 is scheduled to take place in Bengaluru from April 20 to 22, bringing together domestic and international investors.
The government is targeting investments across emerging and technology-driven sectors, including semiconductors, aerospace, artificial intelligence, clean energy, life sciences and electric mobility.
Speaking at the investment summit's curtain-raiser, Shivakumar said:
"Investors should build factories, not chase files. The entire government must stand with an investor, not just one department."
The statement reflects the state's emphasis on improving investor support, reducing administrative delays and strengthening the overall business environment.
The proposed engagement creates an important development for the consulting industry, particularly firms specialising in financial advisory, investment strategy, international market research and government consulting.
As Indian states compete to attract multinational companies and foreign capital, demand for specialised consulting services is likely to remain important. Governments increasingly require professional expertise to assess investment opportunities, develop competitive strategies and establish connections with international businesses.
For Karnataka, the challenge will be translating its global investment ambitions into actual business commitments and operational projects.
The planned consulting engagements represent another step in the state's efforts to strengthen international investor relationships and position Karnataka as a competitive destination for global business
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