Chief Minister B.S. Yediyurappa claimed several firms had come forward to collectively invest ₹1 lakh crore since the BJP government came into being in July 2019
₹72,000 crore investment proposals were received at the Invest Karnataka meet, here on Friday, for the states northern region, said an official on Saturday.
"About 50 foreign and domestic firms have proposed to invest ₹72,000 crore in the northwest and northern regions of the state and a dozen companies signed agreements with us," state Industries Department Secretary Gaurav Gupta said.
Rajesh Exports, Bengaluru-based group, signed an agreement to set up a manufacturing unit at Dharwad to rollout electric vehicles and make lithium ion batteries.
"Rajesh Exports proposes to invest about ₹50,000 crore for manufacturing electric cars and lithium ion batteries for the domestic and overseas markets. It will generate about 10,000 jobs," said Gupta.
Similarly, Sonali Power has signed a pact with the state nodal agency (Udyog Mitra) to set up a solar power plant at Davangere at a cost of ₹4,800 crore, which will generate 2,100 direct jobs.
Chief Minister B.S. Yediyurappa claimed several firms had come forward to collectively invest ₹1 lakh crore since the BJP government came into being in July 2019.
"Many Indian and foreign firms will sign agreements with the state government at the 3-day Global Investors meet in Bengaluru on November 3-5," Yediyurappa said at the 'Invest Karnataka' meet.
Noting that Karnataka was rich in natural and human resources, especially in high-tech and skilled workforce, Yediyurappa said investment opportunities were plenty in aerospace, automobiles, machine tools, electric vehicles and bio-technology besides information technology.