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Corporations/ Associations/ Others | Karnataka - India | PID: 154254
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Invest Karnataka 2016, Global Investors Meet, successfully concluded with the state signing around 1,201 MoUs worth Rs 3,08,810 crore
Among the major sectors where investment intention MoUs were signed include steel, chemicals, power, IT, food processing, etc
The largest projex commitment came from the JSW group with an investment of Rs 35,000 crore in steel projects. The Mukesh Ambani group announced opening of an aerospace research unit in Bengaluru. Wipro Infotech intends to add over 25,000 people in new centres in Bengaluru. Aditya Birla Group to invest an additional Rs 2000 crore in telecom, apparel, and retail businesses. Infosys announced its fourth software centre in Karnataka at Hubbali. Kudremukh Iron Ore Company (KIOCL) has inked a pact with the Karnataka government to set up a beneficiation plant of 4 mln tpa and a pelletisation unit of 2 mln tpa in Bellary district at an investment of Rs 2,000 crore
The Adani group has committed Rs 20,500 crore in the state’s power sector. The group has signed a MoU with the Karnataka government to expand the capacity of Udupi Power Corporation (UPCL) by adding 1600 MW at Rs 11,500 crore. Further, Adanis will invest Rs 500 crore for expanding the coal handling facilities. Plans are also afoot, to set up a 1,000 MW solar power plant and develop the Tadadi port near Karwar
In the automobile sector Bosch plans an investment of Rs 1000 crore in 2016-17. Volvo plans to expand bus manufacturing capacity
The Ministry of Roadways, Transport and Highways (MoRTH) has assured to add 4,000 km of national highways in Karnataka before December 2016. The capacity of the New Mangaluru Port will also be doubled with an investment of Rs 10,000 crore
| Updated on: 09 - Feb - 2016
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