27 10.27 lakh CR Investments at Karnataka Government Global Meeting

Renewable energy investors have played an important role in the investments promised to Karnataka, and they kept their eyes outside Bangalore. According to Dr. Nanjuthappa report on regional inequalities in Karnataka, more than 75 per cent of the investments announced by the large and medium -sized industry minister MP Patil investors at the meeting and more than 45 per cent of the announced investments outside the Bangalore district.

Investments signed or announced at a global investors meeting are expected to create more than 6 lakh jobs in the coming years. In the duties paid by investors to Karnataka, the big and medium -sized industry minister MP Patil, after the valuable operation of the meeting, was signed by Rs. 4, 03, 533.

Investors meeting was held on Tuesday. The new industrial policy of the state government issued by Sivakumar provides financial concessions to investors going beyond Bangalore.

Of the investments drawn by various sectors, the renewable energy department played a major role in investments, and the manufacturing sector had a 41 per cent share of 41 percent of the investments, and 14 percent of the Sunris sectors, infrastructure and industrial/logistics parks and 10 percent investments and 10 percent investments. Initial capital also had a 9 percent investment share.

In some of the key investments announced at the Investors Meeting, Rs. Research has announced that it is investing Rs 10,000 crore for production and development of its semiconductor equipment, and Volvo has invested Rs 1,400 crore to produce electric vehicle trucks. Invest Rs 22, 20 crore for its projects in hydrogen and its descendants.

Sri Cement is defined for investing Rs 8, 350 crore for its integrated plant and Klinger grinding segment, Mahindra Laten Limited Rs 36,000 crore renewable energy projects and tourism, Suzlan Energy 211, Rs 950 crore for wind power projects and turbine generator.

Meanwhile, Energy Minister KJ George on Friday started the ‘Clean Movement Policy 2025-2030 with an investment of Karnataka -2025. The state government’s clean movement policy aims to attract Rs 50,000 crore and 1 lakh. This policy aims to increase the Karnataka Electric Vehicle Leadership, Clean Movement Masonry, Innovation and Skill Improvement and Charging and Hydrogen infrastructure.