RPSG Group to invest Rs 10,500 crore in Vijayapura and Ballari

Bengaluru: 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 in a statement issued from Davos on Thursday.

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 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.

Patil also held discussions with representatives of the Singapore Economic Development Board (EDB), functioning under Singapore’s Ministry of Trade and Industry, on the establishment of a ‘Singapore Park’ in Karnataka. There are significant opportunities for collaboration with Singapore in sectors such as semiconductors, biotechnology and aerospace, he said.

He also held discussions with Lenovo, a leading manufacturer of personal computers, laptops, tablets and smartphones, Axon Cables, which operates in the defence sector, Boston Consulting Group (BCG), on future strategies related to tariffs, artificial intelligence and emerging technologies.