Sanjiv Goenka Group to invest Rs 10,500 crore in Karnataka

Bengaluru: The RP-Sanjiv Goenka Group (RPSG), a major player in the renewable energy sector, will invest Rs 10,500 crore over the next three years in Karnataka's Vijayapura and Ballari districts, Industries Minister M B Patil said on Thursday.

Patil made the announcement while attending the World Economic Forum (WEF) in Davos. He added that the state will extend all necessary support to facilitate these investments.

The InoxGFL Group has already begun turbine blade manufacturing for the wind energy sector at Kustagi in Karnataka, and now plans to set up a facility to manufacture large wind power towers at a nearby location in the coming days. The company has already invested Rs 10,000 crore in Karnataka, he said.


Ramky Group, which specialises in waste management, has expressed interest in setting up common effluent treatment plants (CETPs) in Karnataka industrial areas development board (KIADB) industrial areas. The group also held discussions on establishing a pharma park in Karnataka.

Tech Mahindra has shown interest in investing in tier-2 cities across the state, he added.

The state also held discussions with the Singapore Economic Development Board (EDB), which functions under Singapore's Ministry of Trade and Industry, on establishing a 'Singapore Park' in the state in sectors such as semiconductors, biotechnology and aerospace, Patil said.

Lenovo, a leading manufacturer of personal computers, laptops, tablets and smartphones, has held discussions on partnering with local suppliers and entrepreneurs. Axon Cables, which operates in the defence sector, has decided to expand its manufacturing footprint in India and has received an invitation to consider investing in Karnataka, the minister said in the statement.

In line with the state's priority to promote cities beyond Bengaluru as self-sustaining urban centres, Tech Mahindra has expressed interest in expanding its presence in tier-2 cities across Karnataka, the statement added.

French multinational Schneider Electric has announced plans to establish 20 additional training infrastructure facilities in the state, with a long-term objective of expanding the network to 100 skill development centres, Patil said. He added that the state also held discussions on further investments with the Jubilant Bhartia Group and several other companies.

The state also signed a memorandum of understanding with Swiss Chambers India at the summit. Swiss Chambers India head Satish Rao and the CEOs of six Swiss companies attended the occasion, Patil said.