Karnataka attracts Rs 1.53 lakh crore in new investment proposals after...

Key Highlights

• He said leading companies had shown interest in sectors, including manufacturing, renewable energy, data centres and global capability centres (GCCs).
• The proposals are expected to be submitted to Karnataka Udyog Mitra shortly, after which approvals will be processed expeditiously.
• Of the total proposed investments, Rs 66,293 crore is in manufacturing and industry, Rs 20,913 crore in wind and solar power generation, Rs 12,500 crore in GCCs, and Rs 6,350 crore in data centres, he said.
• Providing details, Patil said Toyota Industries Engine Pvt Ltd will invest Rs 1,330 crore to manufacture gasoline and hybrid engines at its Jigani facility, while QpiAI India Pvt Ltd will invest Rs 1,136 crore to establish a Quantum Centre of Excellence in Bengaluru.
• AT&S plans to invest Rs 2,850 crore in Nanjangudu for electronic component manufacturing, and Wipro Hydraulics will invest Rs 499 crore to produce copper laminates for the electronics and PCB sectors.