+
Karnataka Approves Rs. 14.2 bn Twin Policies for Blue Economy and AI
PORTS & SHIPPING

Karnataka Approves Rs. 14.2 bn Twin Policies for Blue Economy and AI

Karnataka has approved two five-year policies aimed at attracting investment, expanding economic activity and creating jobs across marine biotechnology and digital infrastructure. The Marine Biotechnology Policy 2026–2031 has a proposed outlay of Rs. 120 mn, while the Sustainable Data Centre Policy 2026–2031 carries an outlay of Rs. 13 bn. Together, the policies are intended to support the state’s next phase of growth.

The marine policy seeks to expand Karnataka’s blue bioeconomy from an estimated $2 bn to between $6 bn and $8 bn by 2031. It will focus on converting the state’s 343.3-km coastline, marine biodiversity and biotechnology capabilities into products, technologies, companies and intellectual property. Priority areas include marine biomanufacturing, seaweed-based products, marine biomaterials, bioprocessing and sustainable marine enterprises.

The policy provides for the Karnataka Institute of Marine Biotechnology and Blue Economy, to be established at the Government Fisheries College, as an institutional base for research, innovation and commercialisation. It also proposes marine biotechnology zones with shared infrastructure, logistics, testing facilities and plug-and-play units. Other measures include production-linked incentives for higher-value seaweed derivatives, a pilot blue carbon certification programme, and research, biobanking and incubation facilities, particularly in Udupi.

The state government estimates that the marine initiative will create around 2,500 high-value technical jobs and about 7,500 coastal enterprise and livelihood opportunities during the policy period. It is also intended to improve incomes for coastal communities and support export-oriented businesses while maintaining ecosystem sustainability.

The data centre policy targets 1 GW of cumulative IT load by 2031 and aims to secure 10–12 per cent of India’s AI-ready data centre capacity. It covers demand from artificial intelligence, cloud computing, the Internet of Things, 5G, global capability centres and fintech. The framework will support investment facilitation, data centre zones and parks, research and development, skilling, sustainability-linked incentives and green power integration. Implementation will begin with policy operations and investor facilitation before progressing to regional infrastructure, ecosystem expansion and consolidation beyond Bengaluru.

Karnataka has approved two five-year policies aimed at attracting investment, expanding economic activity and creating jobs across marine biotechnology and digital infrastructure. The Marine Biotechnology Policy 2026–2031 has a proposed outlay of Rs. 120 mn, while the Sustainable Data Centre Policy 2026–2031 carries an outlay of Rs. 13 bn. Together, the policies are intended to support the state’s next phase of growth. The marine policy seeks to expand Karnataka’s blue bioeconomy from an estimated $2 bn to between $6 bn and $8 bn by 2031. It will focus on converting the state’s 343.3-km coastline, marine biodiversity and biotechnology capabilities into products, technologies, companies and intellectual property. Priority areas include marine biomanufacturing, seaweed-based products, marine biomaterials, bioprocessing and sustainable marine enterprises. The policy provides for the Karnataka Institute of Marine Biotechnology and Blue Economy, to be established at the Government Fisheries College, as an institutional base for research, innovation and commercialisation. It also proposes marine biotechnology zones with shared infrastructure, logistics, testing facilities and plug-and-play units. Other measures include production-linked incentives for higher-value seaweed derivatives, a pilot blue carbon certification programme, and research, biobanking and incubation facilities, particularly in Udupi. The state government estimates that the marine initiative will create around 2,500 high-value technical jobs and about 7,500 coastal enterprise and livelihood opportunities during the policy period. It is also intended to improve incomes for coastal communities and support export-oriented businesses while maintaining ecosystem sustainability. The data centre policy targets 1 GW of cumulative IT load by 2031 and aims to secure 10–12 per cent of India’s AI-ready data centre capacity. It covers demand from artificial intelligence, cloud computing, the Internet of Things, 5G, global capability centres and fintech. The framework will support investment facilitation, data centre zones and parks, research and development, skilling, sustainability-linked incentives and green power integration. Implementation will begin with policy operations and investor facilitation before progressing to regional infrastructure, ecosystem expansion and consolidation beyond Bengaluru.

Related Stories

Gold Stories

Next Story
Resources

NCC Founder and Padma Shri Awardee AVS Raju Passes Away at 89

Dr Alluri Venkata Satyanarayana Raju, founder and Chairman Emeritus of NCC Limited and a Padma Shri awardee, passed away in Hyderabad on 13 October 2026. He was 89.Born on 18 April 1937 in Antarvedipalem village in Andhra Pradesh's erstwhile East Godavari district, Raju began his entrepreneurial journey in 1956. He established Nagarjuna Construction Company (NCC) Limited in 1978, which subsequently emerged as one of India's leading construction and infrastructure companies.Under his leadership, NCC became a public limited company in 1990 and expanded into one of India's prominent listed constr..

Next Story
Infrastructure Transport

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code