Page 23 - Karnataka

Emmvee Energy to invest Rs 15,000 cr in K'taka for solar manufacturing unit

Emmvee Energy, a manufacturer of high-quality solar photovoltaic panels and modules, announced plans to invest Rs 15,000 crore in a phased manner to establish a manufacturing plant, Karnataka's Minister for Large and Medium Industries, M B Patil, said on Thursday. He made this announcement after senior company representatives met him at Vidhana Soudha. The minister noted that the investment is part of the proposals for which a Memorandum of Understanding was signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025. According to the minister, Emmvee Energy will initially invest Rs 5,000 crore to set up a facility with a 5 GW power generation capacity, creating 10,000 jobs, his office said in a release. The company has requested 120 acres of land in the Bengaluru IT Investment Region (ITIR) for the project. The government will facilitate this request after due consideration, Patil added. Emmvee Energy is a key player in manufacturing essential components

Lokayukta police files 11,000 page final report to court in Muda case

The Karnataka Lokayukta Police submitted a 11,000 page final report in the MUDA site allotment case to the court on Thursday. The development came a day after the clean chit given to Karnataka Chief Minister Siddaramaiah by the Lokayukta police was officially made public. Lokayukta police have submitted the 11,000 page final report to the Special Court that exclusively deals with criminal cases related to former and incumbent MPs/MLAs in Bengaluru, a senior official told PTI. Siddaramaiah is facing allegations of illegalities in Mysuru Urban Development Authority (MUDA) allotting 14 sites to his wife Parvathi B M. Siddaramaiah, his wife, brother-in-law B M Mallikarjun Swamy, Devaraju -- from whom Swamy had purchased a land and gifted it to Parvathi -- and others were named in the FIR registered by the Lokayukta police establishment located in Mysuru on September 27 after the special court gave an order to this effect. The FIR was registered based on a complaint filed by RTI activis

Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs

German-based packaging and bottling machine manufacturer Krones has begun setting up its Rs 315 crore bottling machine manufacturing plant in Vemagal, Kolar district. The groundbreaking ceremony was held on Thursday by Karnataka's Minister for Large and Medium Industries, M B Patil. This project is part of the Rs 10.27 lakh crore investment proposals signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025, according to a release from the Minister's office. Patil emphasised that the government's focus is on realising investment projects, and Krones' decision to set up its plant is a testament to this commitment, the release said. Ahead of GIM, Patil led a delegation to Germany in December last year, where he held discussions with Krones representatives and signed a preliminary Memorandum of Understanding at the company's headquarters in Neutraubling. The upcoming Rs 315 crore plant is expected to generate 550 jobs. Speaking at the event, Patil highlig

Carlsberg India to invest nearly Rs 350 crore in its Mysuru brewery

The investment is expected to further enhance production capabilities by adding a new can, glass, and keg line

Invest Karnataka 2025 wraps up with Rs 10.27 trillion commitment

Nearly 75 per cent of these investments are outside the Bengaluru district, with more than 45 per cent concentrated in North Karnataka

Infosys mass layoffs: Centre orders Karnataka to take 'urgent action'

IT workers' labour body NITES filed an official complaint with the labour ministry after Infosys laid off more than 350 trainees at its Mysuru campus

Karnataka tops the list; UP jumps 10 places in local governance performance

The report has measured the performance of states in improving the condition of governance in local bodies in various parameters

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