fbpx
  Previous   Next
HomeBusinessHCL And Other Firms To Invest 5,000 Crores In Karnataka: Government

HCL And Other Firms To Invest 5,000 Crores In Karnataka: Government

Karnataka Minister for Higher Education, IT and BT, Dr. C N Ashwath Narayan Thursday said HCL, Applied Material, Rakon, and others have come forward to invest more than ₹5,000 crores in the state.

Addressing media at the Bengaluru Tech Summit 2021, he said this investment will entail the generation of more than 15,000 additional jobs in the state.

He said taking a cue from the attractive electronic systems design and manufacturing policy announced by the government, IFB and Tejas Networks too have evinced interest in setting up their manufacturing facility in the state. Besides, GTM has also conveyed its expression of interest to set up a unit in Chamarajanagara.

Of the companies that have shown interest in investment, Dr. Narayan said some have been provided with the land while facilities are expected to be extended to the remaining companies.

The minister said as a result of the investment, facilities to manufacture semiconductors, electronics, solar cells, washing machines, and motors for air conditioners will be possible.

More News

Consumption of Dietary Beverages Increase Cardiovascular Disease Risk: Study

A new study has found a link between consuming artificial sweeteners, in dietary beverages, and increased cardiovascular disease risk like stroke. Artificial sweeteners like aspartame,...

Coronavirus: India Reports 6,093 New Covid Cases, 31 Deaths

India reported 6,093 new Covid infections in the past 24 hours against 6,395 cases on the previous day, the Union Health Ministry said on...

Natural Manuka Honey May Help Cure Drug-Resistant Lung Infection

A combination of natural manuka honey with a widely used drug can treat a lethal lung infection and greatly reduce side effects of one...

RELATED NEWS

Work From Home For Maximum Period of One Year In Special Economic Zone: Ministry of Commerce

As per the Commerce Ministry, Work from home (WFH) is allowed for a maximum period of one year in a special economic zone unit...

No GST Will Be Levied On Lentils, Rice, And Flour Including 9 Other Items: FM

Finance Minister Nirmala Sitharaman on Tuesday gave a list of food items that are exempted from GST, provided they are sold loose and not...

Sensex Surges 760.37 Points, Nifty Settles At 16,278.50

The stock market hit a one-week high on Monday. At close Sensex surged 760.37 points or 1.41% at 54,521.15, and the Nifty jumped 229.30...