Where they want to put their money

Where they want to put their money

Reposing their faith in Karnataka’s industrial climate, strengthened by a tradition of effective policies and governance by the State government, several leading industrialists on Wednesday announced investing their capital and resources in the State. Declaring their commitment towards the State at the Invest Karnataka-2016 global investors’ meet, industry captains evinced their interest in various sectors that have presence in the State.

It is a privilege to be associated with Karnataka. The State has always been and will remain at the centre of IT/BT and electronics, aircraft and aerospace industrial sectors. Investors and industrialists should consider the State for their investment proposals.
Ratan Tata, Chairman, Tata Trust

JSW Group will invest over Rs 35,000 crore in the next 3-5 years in Karnataka. We have already invested around Rs 60,000 crore in Karnataka (towards JSW’s steel plant in Hosapete), and would be expanding our business by investing another Rs 35,000 crore in the next 3-5 years.
Sajjan Jindal, Chairman, JSW Group

Infosys will set up its fourth development centre at Hubballi. Currently, it has development centres in Bengaluru, Mysuru and Mangaluru. Without munificence of the government, Infosys wouldn’t exist. While many leading banks refused us a loan of Rs 50 lakh in 1983, the KSIIDC and the KSFC came to our rescue, releasing the money within a week.
N R Narayana Murthy, Chairman Emeritus, Infosys

Aditya Birla Group has plans to invest Rs 2,000 crore in Karnataka in the near future — in telecom, apparel and retail businesses. The group has already invested Rs 30,000 crore in the IT sector in the State, while an investment of Rs 5,000 crore on a cement plant, and Rs 1,000 crore on plantation farming at Harihar will be made. The Group will be aggressively investing in the solar energy sector, telecom, apparel and also in the startup sectors, besides taking up CSR projects in over 100 villages in Karnataka.
Kumar Mangalam Birla, Chairman, Aditya Birla Group

The Reliance Group will set up a centre for research, development and innovation in aerospace technology, at Whitefield, Bengaluru. The proposed centre will generate more than 1,500 highly skilled jobs and support the government’s plan for indigenous design, development and manufacturing of defence equipment. The Reliance Group has so far invested nearly Rs 5,000 crore in Karnataka across a wide array of sectors — from telecom, to energy, entertainment, financial services, to defence, and created nearly 5,000 jobs.
Anil Ambani, Chairman, Reliance ADAG

The Adani Group is investing Rs 11,500 cr in capacity expansion of its 1,200-MW Udupi thermal plant, to produce an additional 1,600 MW. This will entail additional investment for expansion of the Mangaluru port. The Tadri port in Uttara Kannada will be modernised for Rs 2,000 cr, while solar energy generation capacity will be increased by 1,000 MW with an investment of Rs 7,000 cr. We plan to expand the vegetable oil refinery in Mangaluru to touch an annual capacity of four lakh metric tonnes.
Gautam Adani, Founder Chairman, Adani Group

Wipro plans to generate an additional employment of 25,000 people in the State. The company has diverse investments and presence in IT, consumer care, engineering and aerospace, along with the education sector, currently, employing 55,000 people in the State.
Azim Premji, Chairman, Wipro


DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)