Karnataka government signs MoUs worth Rs 22,000 crore with 7 companies at WEF meet in Davos
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The Indian delegation includes three Union ministers – Smriti Irani, Ashwini Vaishnav and Hardeep Singh Puri – as well as three chief ministers – Maharashtra’s Eknath Shinde, Telangana’s Revanth Reddy and Karnataka’s Siddaramaiah. (Photo by AFP)
A delegation from the state, led by Karnataka Minister for Large and Medium Industries and Infrastructure Development MB Patil, participated in a series of discussions with industry leaders during the WEF Meet 2024 in Switzerland.
The Karnataka government on Wednesday said it has signed MoUs with seven companies with investment proposals worth Rs 22,000 crore at the annual meeting of the World Economic Forum in Davos.
As part of the MoU signed on Tuesday, Web Works proposes to set up a data center park worth Rs 20,000 crore in the state, while four other companies have invested a total of Rs 2,000 crore, according to a statement issued by the Karnataka minister. Have planned to do. Large and Medium Industries and Infrastructure Development MB Patil.
It said a delegation from the state led by Patil participated in several discussions with industry leaders during the WEF Meet 2024 in Switzerland, it said.
Lulu Group is set to venture into food processing in Vijayapura district, with plans to invest Rs 300 crore in a dedicated plant for exports, the statement said.
Takeda Pharmaceuticals intends to set up a global innovation center in Bengaluru and is actively looking for suitable campus locations, it was said.
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