Karnataka lands big investments for green energy and tech
Karnataka just scored a huge ₹10,500 crore investment from the RP-Sanjiv Goenka Group to boost renewable energy and industry in Vijayapura and Ballari over the next three years.
The announcement came straight from Davos, with the state promising full support.
More companies joining the action
InoxGFL is ramping up wind power projects after already investing ₹10,000 crore, while Ramky Group has expressed interest in setting up Common Effluent Treatment Plants (CETPs) in KIADB industrial areas and discussions were held on setting up a pharma park.
Tech Mahindra has shown interest in investing in Tier-2 cities, and Schneider Electric will open 20 more training centers—pushing skill development across Karnataka.
Global partnerships on the horizon
Singapore's EDB is eyeing a 'Singapore Park' for high-tech sectors like semiconductors and biotech.
Lenovo wants local manufacturing partners, and Axon Cables, which operates in the defense sector, has been invited to consider investing in Karnataka.
Plus, Karnataka signed an MoU with Swiss Chambers India at Davos to strengthen industrial ties between Karnataka and Swiss companies.