TheKarnatakagovernment signed MoUs worth Rs 2.1 lakh crore on the inaugural day of Invest Karnataka, its flagship global investors meet in Bengaluru. Chief minister BasavarajBommaisaid there is a shift in the power balance that puts India at an advantage.
Bommai said the government had approved investments worth Rs 2.8 crore even before the investors meet.
Karan Adani, CEO of Adani & Special Economic Zone, said the group will invest more in the RENEWABLE ENERGY sector in Karnataka. The group has invested over Rs 20,000 crore in the state so far. The company has a cement manufacturing capacity of over seven million tonnes across four Plants in the state.