The RPSG Group, a major player in the renewable energy sector, will invest RS 10,500 crore over the next three years in Vijayapura and Ballari districts, Large and Medium Industries Minister M.B. Patil said on Thursday. He assured that the State Government would extend all necessary support to facilitate these investments.
The Minister shared this information while participating in the World Economic Forum meeting currently under way in Davos.
Similarly, the InoxGFL Group, which has already commenced turbine blade manufacturing for the wind energy sector at Kustagi, is planning to set up a facility to manufacture large wind power towers at a nearby location in the coming days. The company has already invested Rs 10,000 crore in Karnataka, he said.
The Ramky Group, which specialises in waste management, has expressed interest in setting up Common Effluent Treatment Plants (CETPs) in KIADB industrial areas across the State. Discussions have also been held with the group on establishing a Pharma Park in Karnataka. Tech Mahindra Limited, meanwhile, has shown interest in making industrial investments in Tier-2 cities of the State, he added.
The State is keen on attracting greater investments from Singapore-based companies. In this regard, discussions were held with representatives of the Singapore Economic Development Board (EDB), functioning under Singapore’s Ministry of Trade and Industry.
