+
JSW Group Rs 1.2 Trillion Investment Plan for Karnataka
ECONOMY & POLICY

JSW Group Rs 1.2 Trillion Investment Plan for Karnataka

Sajjan Jindal, Chairman of JSW Group, reaffirmed the company’s strong commitment to Karnataka by announcing a massive investment plan of Rs 1.2 trillion at the Invest Karnataka 2025 summit. 

This investment will span across key sectors, including steel, energy, infrastructure, cement, and paints, with a focus on strengthening the state’s industrial and economic landscape while generating thousands of job opportunities. 

Referring to Karnataka as his karmabhoomi, Jindal emphasized JSW’s long-standing relationship with the state, where the company has already invested over Rs 1.2 trillion and created 100,000+ jobs. He credited the state’s progressive governance, skilled workforce, and investor-friendly policies for making it a prime location for business expansion. 

The major investments announced by JSW include: 

  • Steel: Rs 430 billion to expand Vijayanagar into the world’s largest and most advanced steel plant, integrating AI, robotics, and high-quality electrical steel production. 
  • Energy: Rs 560 billion for advancing renewable energy, focusing on solar, wind, and green hydrogen to accelerate Karnataka’s green transition. 
  • Infrastructure: Rs 43.5 billion for enhancing Mangalore port capacity and establishing a new 30 MTPA port at Keni village.
  • Cement: Rs 9.5 billion to expand JSW Cement’s production capacity by 4 MTPA, further promoting eco-friendly and high-strength cement production. 
  • Paints: Rs 5 billion to double JSW Paints’ Karnataka capacity from 160,000 KL to 300,000 KL. 
Beyond industrial investments, Jindal highlighted JSW’s continued commitment to the state’s socio-economic development. The company remains deeply engaged in sports, heritage conservation, and community welfare. Notably, JSW Foundation is involved in initiatives related to education, healthcare, skill development, and the environment. The foundation is also enhancing Hampi’s global appeal through projects like Hampi by Night and Hampi Art Labs. 

JSW’s vision is to drive Karnataka’s evolution into a global industrial powerhouse. 

(Business Standard)        

Sajjan Jindal, Chairman of JSW Group, reaffirmed the company’s strong commitment to Karnataka by announcing a massive investment plan of Rs 1.2 trillion at the Invest Karnataka 2025 summit. This investment will span across key sectors, including steel, energy, infrastructure, cement, and paints, with a focus on strengthening the state’s industrial and economic landscape while generating thousands of job opportunities. Referring to Karnataka as his karmabhoomi, Jindal emphasized JSW’s long-standing relationship with the state, where the company has already invested over Rs 1.2 trillion and created 100,000+ jobs. He credited the state’s progressive governance, skilled workforce, and investor-friendly policies for making it a prime location for business expansion. The major investments announced by JSW include: Steel: Rs 430 billion to expand Vijayanagar into the world’s largest and most advanced steel plant, integrating AI, robotics, and high-quality electrical steel production. Energy: Rs 560 billion for advancing renewable energy, focusing on solar, wind, and green hydrogen to accelerate Karnataka’s green transition. Infrastructure: Rs 43.5 billion for enhancing Mangalore port capacity and establishing a new 30 MTPA port at Keni village. Cement: Rs 9.5 billion to expand JSW Cement’s production capacity by 4 MTPA, further promoting eco-friendly and high-strength cement production. Paints: Rs 5 billion to double JSW Paints’ Karnataka capacity from 160,000 KL to 300,000 KL. Beyond industrial investments, Jindal highlighted JSW’s continued commitment to the state’s socio-economic development. The company remains deeply engaged in sports, heritage conservation, and community welfare. Notably, JSW Foundation is involved in initiatives related to education, healthcare, skill development, and the environment. The foundation is also enhancing Hampi’s global appeal through projects like Hampi by Night and Hampi Art Labs. JSW’s vision is to drive Karnataka’s evolution into a global industrial powerhouse. (Business Standard)        

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?