Karnataka beckons investors

Karnataka Industry Minister Murugesh Nirani told newsmen that these five companies had, during his interaction with  them, promised to invest Rs 4,645 crore in the state.The projects can generate around 8,000 jobs, he said.

Nirani held a series of meetings with industrialists here as part of the road show ahead of the global investors’ meet in Bangalore in June.

Confident minister
The minister is  confident of clinching a deal with Hero Honda soon. The two-wheeler major, which is looking for setting up its fourth plant in the country,  is interested in setting up a plant at Dharwad or Hubli with an investment of  Rs 2,000 crore.
Nirani said the company has said it will send its technical team for evaluating  the project next month. The company has sought 50 to 100 acres. It  has promised jobs to 800 people directly. And 5,000 people may get  jobs indirectly.  A number of auxiliary units can also come up if  the project is set up.

Nectar Lifesciences is also keen on setting up a plant for manufacturing life-saving drugs with an  investment of Rs 1,500 crore. The proposed plant has the potential to generate 800 jobs. The State government has asked the company to submit a  project report. 

Mosarbaer has come forward for setting  up a 50 MW grid-connected solar photo voltaic project with an investment of Rs 850 crore in Chickaballapur district. Kajaria Ceramics plans to set up a unit for manufacturing ceramic tiles with an investment of Rs 150 crore in Belgaum. It has the potential to  provide direct employment to 200 people.

The government has already conducted road shows in many   countries. The Delhi programme is its first in India. Similar shows will be held in Mumbai and Chennai.

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