Renaissance keen to invest ₹5,000 crore in Tumakuru: M. B. Patil

Bengaluru: As announced at Invest Karnataka 2025, Renaissance Solar and Electronic Materials (RSOLEC), an India-US solar and semiconductor materials company, has expressed interest in investing ₹5,000 crore in the Chennai-Bengaluru Industrial Corridor (CBIC) region in Tumakuru, Minister for Large and Medium Industries M. B. Patil said on Thursday.

He held a detailed discussion with RSOLEC Chairman and Chief Executive Officer Dr. Milind S. Kulkarni, who met him at Khanija Bhavan here.

Speaking on the occasion, Patil said the company has established a strong presence in the solar sector, particularly in single-crystal silicon growth and wafer manufacturing. It has sought 100 acres of land in the CBIC region to establish a 5 GW solar ingot and wafer manufacturing facility. A final decision will be taken after discussions on the company's other requirements, he said.

RSOLEC is a technology-led enterprise established by professionals with technical expertise and has its headquarters in Chennai. The company has highlighted two key requirements for the proposed facility — 80 MW of power and 10 MLD of water. These requirements will be considered positively. If everything proceeds as expected, the company is likely to commence manufacturing operations by mid-2028, he said.

The company has also sought a Special Incentive Package from the State Government. Discussions on this are currently under way at the highest level, Patil said.

Principal Secretary, Department of Industries, S. Selvakumar; Commissioner Khushboo Goyal; KIADB Chief Executive Officer Govind Reddy; and Technical Adviser to the Industries Minister Aravind Galagali were present on the occasion.

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Bharath Anjanappa

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Bharath Anjanappa is an experienced journalist specializing in Politics and Civic issues. With over a decade (2012 till date) of writing expertise, he handles or contributes towards Bengaluru sector/area. Bharath Anjanappa has completed his graduation/post-graduation from Bangalore University (with a specialization in Finance, Marketing and HR). When not immersed in writing, he can be found spending time farming. Bharath Anjanappa is an accomplished writer with a passion for writing on current political situation and Civic issues. With 12 years of experience, he has honed his craft in various genres, including entertainment, crime, education and Politics. Bharath's diverse family history and embracing cultures have enriched his writing with unique perspectives.

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