'Investments will cross Rs 6-lakh cr target'

'Investments will cross Rs 6-lakh cr target'

The State government has received an overwhelming response from investors from across the globe, and the total investment commitments would cross the target of Rs 6 lakh crore, said Industries Minister Murugesh Nirani on Thursday.

Briefing the media on the inaugural day of the Global Investors Meet, he said about 400 MoUs worth over Rs 5 lakh crore were signed on day one. Among the MoUs is a 18,000 MW power project in the State, he added. He said details of the MoUs will be disclosed after the event on Friday.

The Japan International Construction Company will prepare a detailed project report by end of December for the high-speed railway network between Bangalore-Mysore, Bangalore-Belgaum and Bangalore-Gulbarga.

The Japanese company would be sourcing funds for the project from the World Bank and there will be no financial commitment from the State government, he said. The high-speed rail network is expected to cost Rs 200 crore per km.

Prominent investors
Investor     Investment (CR)
MRPL    Rs    8,500
JSW Group     Rs    8,090
Birla Group     Rs    6,150
Sun Forest City     Rs    9,340
Embassy Group     Rs    14,500
NetApp     Rs    882
Ascendas group     Rs    10,483
Cement Corp    Rs    2,855
Indian Institute
of Human
Settlements     Rs    250
Future Group     Rs    891
Rajesh Exports    Rs    11,986
GVK Group     Rs    29,000
Infrastructure     Rs    18,400
Ventures     Rs    1,345
Welspun Group     Rs    9990
JSW Steel    Rs    6,090
TCS    Rs     4,326
Ultratech Cement    Rs    6,090
Future Group          Rs     891
Toyota Kirloskar    Rs    500
HAL     Rs    600

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