4 months ago
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Karnataka has attracted respective caller concern proposals and investments worthy ₹1.53 lakh crore successful 11 months aft the State’s bi-annual concern exploratory exposition Global Investors’ Meet (GIM) held successful February 2025, said Minister for Large and Medium Industries M.B. Patil present connected Saturday.
He said these investments were successful summation to the commitments the State secured during GIM. Karnataka’s efforts to pull investments were continuous successful quality and won’t be limited to GIM alone, helium said, up of his sojourn to the World Economic Forum acme astatine Davos, wherever helium would beryllium portion of a high-level delegation.
In cardinal sectors
According to Mr. Patil, respective starring companies person expressed involvement successful investing crossed cardinal sectors specified arsenic manufacturing, renewable energy, information centres and Global Capability Centres (GCCs). “These proposals are expected to beryllium submitted to Karnataka Udyog Mitra successful the coming days, aft which the consequent support processes volition beryllium taken up expeditiously,’’ helium added.
Sharing the breakup of these caller investments, the Minister said ₹66,293 crore pertained to the manufacturing and concern sector, ₹20,913 crore came from upwind and star powerfulness procreation segment, ₹12,500 crore towards the constitution of GCCs, and ₹6,350 crore for mounting up of information centres.
Some players
Among cardinal investments, helium said Toyota Industries Engine would put ₹1,330 crore to manufacture gasoline and hybrid engines astatine its Jigani facility; QAI India volition put ₹1,136 crore to found a Quantum Centre of Excellence successful Bengaluru; AT&S would put ₹2,850 crore successful Nanjangud for the manufacture of physics components; Wipro Hydraulics would put ₹499 crore to nutrient copper laminates required for the electronics and PCB sectors, and enfold Biosciences would put ₹490 crore to manufacture enzymes utilized successful the pharmaceutical sector.
Further, the Minister said Reliance Consumer Products would acceptable up a ₹1,622-crore beverage manufacturing installation astatine Mulawad Industrial Area (Phase-2) successful Vijayapura territory for accumulation and bottling of Campa Cola products.
In addition, JJG Aerospace would put ₹470 crore astatine Adinarayanahosahalli successful Doddaballapura for manufacturing craft components. Yaskawa would put ₹330 crore to acceptable up an physics products manufacturing portion successful the aforesaid concern area. Also, Inox Wind would invest ₹305 crore to found a upwind turbine manufacturing portion astatine Kushtagi successful Koppal district.
Tech firms, SAP India would put ₹1,960 crore to unfastened its 2nd installation astatine Devanahalli; Google India would put ₹2,500 crore successful Bengaluru, portion NTT (Data Centres) volition put ₹4,000 crore to found information centres astatine Devanahalli. Data Samudra (Tele India Data Center) would put ₹1,350 crore crossed Mangaluru, Hubballi-Dharwad and Mysuru, and Haldiram Snacks would put ₹444 crore to acceptable up a snacks manufacturing portion astatine Vasantha Narasapura successful Tumakuru district, the Minister elaborated.
