Page 22 - Karnataka

Volvo to set up 4th global manufacturing hub in Hosakote with Rs 1,400 cr

The new facility is expected to create over 2,000 direct jobs, significantly boost exports, and enhance India's position in the global supply chain

Karnataka seeks $4 billion private investment to expand power grid

Transmission bottlenecks have been cited as a key challenge to the growth of the renewables industry across the globe, with demand for grid equipment overwhelming supplies

Tech disrupting traditional industries, say leaders at Invest Karnataka

As digital solutions and automation continue to evolve, traditional businesses facing both opportunities and challenges, said top young industry leaders and entrepreneurs at Invest Karnataka summit

Japanese firms commit Rs 7,500 cr in investments at Invest Karnataka 2025

Leading Japanese companies have pledged investments across multiple sectors, with a strong focus on automobile manufacturing, industrial automation, and advanced technology

Epsilon plans to invest Rs 15,350 cr for EV battery facility in Karnataka

Epsilon Group on Wednesday announced its plan to invest Rs 15,350 crore in developing a manufacturing and research facility for EV battery testing and advanced materials in Karnataka. A Memorandum of Understanding (MoU) with the Government of Karnataka (GoK) has been signed to this effect at the Invest Karnataka Summit in Bengaluru, Epsilon said. This strategic investment, planned over the next 10 years, will bolster India's Electric Vehicle (EV) ecosystem, creating thousands of jobs, and strengthen India's position as a hub for advanced battery technology, it said. As part of the MoU, Epsilon Group, along with its subsidiaries Epsilon Advanced Materials and Epsilon CAM Pvt Ltd will manufacture sustainable and high-performance Graphite Anode and Lithium Iron Phosphate (LFP) Cathode battery materials while Inspire Energy Research Center Pvt Ltd will focus on R&D, testing and training for EV battery materials and battery manufacturers. The plan includes an investment of Rs 9,000 ...

Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka

The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore

Lam Research to invest Rs 10,000 crore in India, says Ashwini Vaishnaw

Lam Research has signed a memorandum of understanding with the Karnataka government to lease and eventually purchase a land parcel at Whitefield in Bengaluru

Karnataka govt unveils new industrial policy 2024-29, aims to create jobs

The policy aims to position Karnataka as a leader in sustainable industrial practices through incentives for green manufacturing

Tata Advanced Systems to expand Karnataka ops, boost aerospace growth

TASL to establish state-of-the-art MRO facility for Indian Air Force's C-130J fleet

TVS Motor Company to invest Rs 2,000 crore in Karnataka, set up GCC centre

Export revenues from the Mysuru factory exceed Rs 1,200 crore out of Rs 7,600 crore total revenue. The company aims to double its export and overall revenues from Mysuru operations

Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka

Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk

Rahul, Kharge skip Invest K'taka Summit over 'prominence to BJP leaders'?

The Karnataka global investors' meet, scheduled from February 12 to 14 in Bengaluru, is themed "Reimagining Growth" and aims to showcase Karnataka as a key destination for global investment

Offer incentives to aircraft makers to set up units in K'taka: Dy CM

Karnataka Deputy Chief Minister D K Shivakumar on Monday appealed to Defence Minister Rajnath Singh to consider and give incentives to manufacturers of aircraft and helicopters to set up their manufacturing facilities in the state and the country. He was speaking at the inauguration of the 15th edition of Aero India event here. "Karnataka plays a crucial role in India's aerospace sector, contributing 67 per cent of the country's aircraft and helicopter manufacturing for defence services and 65 per cent of India's aerospace-related exports," Shivakumar said. He said that despite these impressive figures, there is a significant gap in the industry. "While aircraft servicing and repair are well-established in India, the manufacturing of aircraft and helicopters is not yet taking place in India. Most of the aircraft and helicopters used by the country are still purchased from other nations," he said. Noting that Karnataka, particularly Bengaluru, boasts some of the best talent in the

Karnataka eyes Rs 10 trn investment commitments at investor meet: Patil

Karnataka is expecting to sign investment commitments of about Rs 10 lakh crore with an array of industries at its biennial investor meet this week, aimed at showcasing the state's industrial potential, M B Patil, Minister of Large and Medium Scale Industries, said. The Invest Karnataka 2025 -- Global Investors Meet (GIM 2025), scheduled from February 11-14 in Bengaluru, aims to position Karnataka as a premier global investment hub. "We are expecting around Rs 10 lakh crore in investments, with at least 70 per cent converting into reality (and) not just (remaining) on paper," he told PTI Videos. On the theme of the summit 'Re-Imagining Growth', Patil said this "because today we are in a stage where our world is moving towards tech-driven, green, inclusive, and more importantly, resilient growth. Because we are in a situation... (these are) challenging times. There is a war in Ukraine and Russia, then the Israel-Gaza conflict, (US President) Trump's policies, China plus one, two year

The phoenix of India's financial system: Microfinance's path to recovery

Karnataka is going the Andhra, Assam way to take the microfinance industry head-on. Will it rise from the current mess?

Defence minister Rajnath to participate in Karnataka Global Investors Meet

Union Ministers including Rajnath Singh and Congress leader Rahul Gandhi are expected to participate in the Global Investors Meet 2025 to be inaugurated here on February 11, Karnataka Minister M B Patil said on Saturday. According to the Large and Medium Industries Minister, the state is expecting investments to the tune of Rs 10 lakh crore across key sectors. The Minister outlined a bold vision for Karnataka's industrial and economic future. Scheduled from February 1214, 2025, with an inaugural event on February 11, 2025, the summit will spotlight Karnataka's strategic position as an innovation and investment hub, while fostering global partnerships across industries. In a statement, the Patil's Office said that Defence Minister Rajnath Singh, Leader of Opposition in Lok Sabha Rahul Gandhi, Union Minister of Commerce and Industry Piyush Goyal, Union Minister of Consumer Affairs Pralhad Joshi, and Union Minister of Heavy Industries H D Kumaraswamy are expected to participate in the

HC grants anticipatory bail to former CM Yediyurappa in Pocso case

Karnataka High Court on Friday partly allowed the petition filed by former Chief Minister B S Yediyurappa challenging proceedings against him under the provisions of POCSO Act, while remitting the criminal case registered against him back to the trial court. The court however allowed his plea seeking anticipatory bail. The 81-year-old Yediyurappa had sought for quashing of a criminal case filed against him, in which he has been booked under the provisions of the Indian Penal Code as well as the Protection of Children from Sexual Offences (POCSO) Act. The case was registered on March 14 last year based on a complaint by the mother of a 17-year-old girl who alleged that Yediyurappa sexually assaulted her daughter during a meeting on February two, at his residence in Dollars Colony here. "Writ petition is allowed in part. The order of taking cognizance by the concerned court dated 04-07-2024, qua accused number 1 (Yeddyurappa) stands obliterated. The crime, the investigation and the

Siddaramaiah gets relief as Karnataka HC rejects CBI probe in MUDA case

The Karnataka HC dismissed a plea for a CBI probe against CM Siddaramaiah in the MUDA case, affirming the Lokayukta's independence and ruling that its investigation is fair

What is Karnataka’s “right to die with dignity” order?

In a historic move, the Karnataka government has taken a significant step to support terminally ill patients by allowing them the right to die with dignity. Watch the video to know what it means.

Microfin ordinance sent to K'taka Guv, gives up to 10 yr jail for violation

Aimed at protecting borrowers from harassment by microfinance institutions (MFIs), the Karnataka government has drafted an ordinance, with penal provisions, including a jail term up to ten years, and fine as high as Rs five lakh for violation. Confirming this, State Home Minister G Parameshwara on Tuesday said, the Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025 has been sent to Governor Thaawarchand Gehlot for his assent. "It was three years (in initial draft), now we have increased it. Fine has also been increased to five lakh. This is to ensure that the heat of the law is felt (by violators). If a law is made with perfunctoriness just like that, such incidents won't stop. Hence, the fine (amount) and imprisonment (period) has been increased, so that it in a way, becomes a deterrent," Parameshwara said, responding to a question about punishment being increased to ten years imprisonment. Speaking to reporters here, he said, "The Governor was out of town, and