Live
- This approach shows significant potential for treating a common form of IBS
- Understanding the Link Between Vitamins and Infertility
- The Benefits of Tender Coconut Water for Health and Wellness
- Two killed in light plane crash in Australia's Victoria
- World Day for Safety and Health at Work 2024: Date, History, and Significance
- FPI selling in equity markets getting absorbed by domestic funds, retail investors
- Leading IT firms in India lost close to 70K employees in last fiscal year
- Four power plants hit in massive Russian overnight attacks on Ukraine
- International Marconi Day 2024 Date, history and significance
- Congress slits throat of Hindu people for Muslims, alleges Giriraj Singh
Successfully attracted over Rs 23,000 cr investment: K’taka Min on Davos Summit
M. B. Patil, Minister of Large and Medium Industries and Infrastructure Development on Wednesday said that the Karnataka delegation during the Davos Summit of World Economic Forum was able to successfully attract an impressive investment of over Rs 23,000 crores.
Bengaluru: M. B. Patil, Minister of Large and Medium Industries and Infrastructure Development on Wednesday said that the Karnataka delegation during the Davos Summit of World Economic Forum was able to successfully attract an impressive investment of over Rs 23,000 crores.
“Our delegation engaged in more than 50 strategic meetings with global industry leaders such as Nestlé, HP, HCL, Volvo Group, IKEA, Sony, Microsoft, Hitachi, and others. Web Werks has pledged Rs 20,000 crores to establish a massive 100 MW data center in Bangalore, promising employment opportunities for 1,000 people,” Patil, who led the Karnataka delegation to Davos, said during a press conference at the Vidhana Soudha conference hall in Bengaluru.
He said that Microsoft has also committed to contribute to digital skills development, while Hitachi has signed MoU focused on promoting economic growth in rural areas.
“Several companies have also expressed interest in initiating operations in North Karnataka. Initiatives are underway to foster equal industrial development in places like Vijayapur, Hubli-Dharwad, Belgaum, and other regions,” Patil said.
He said that -- as part of this commitment to regional development -- Lulu Group and BL Agro are set to expand their presence in Vijayapur.
“Lulu Group plans to establish a new Rs 300 crore food processing unit in Vijayapur and invest further in expanding its existing unit in Kalaburagi,” Patil said.
He said that BL Agro is also gearing up to establish a fully equipped food processing plant in Vijayapur.
“This facility will play a pivotal role in procuring, grading, sorting, and packaging local food products for both domestic and international markets,” Patil said.
He said that the overall investment landscape also includes Rs 3,000 crores from various companies directed towards smart city infrastructure, renewable energy solutions, data centers, and related sectors.
“AB InBev India has expressed its intent to invest Rs 400 crores to enhance the manufacturing capacity of its liquor units in Karnataka,” Patil said.
