Karnataka enters pact with 23 firms for Rs 28k cr infra investments

19 Jul 2021 CW Team

The Karnataka government has entered an agreement with 23 companies, including 12 multinational companies, for investments of around Rs 28,000 crore.

During the Covid-19 pandemic, the state government generated Rs 1 lakh crore investments since March 2020, said Chief Minister, B S Yediyurappa, at the invest Karnataka Conclave.

During the beginning of the pandemic, the government cleared over 520 industrial projects, including the MoUs signed with the 23 companies, with a total of Rs 77,000 crore investments in multiple sectors.

The MoU includes projects in various sectors, like electric vehicles, data centres, aerospace, and defence. Even in the time of the pandemic, Karnataka has garnered Rs 28,600 crore investments in the last six months from Mou and investment proposals.

Minister of Large and Medium Scale Industries of Karnataka, Jagadish Shettar, while speaking on the occasion, said that the companies which have signed the MoUs include US-based Li-ion cell manufacturer, C4V, invested Rs 4,015 crore, a Singapore-based LNG terminal operator, LNG Alliance invested Rs 2,250 crore, and Adani Data Centers invested Rs 5,000 crore.

Shettar said that the state government has always prioritised promoting the economic and industrial development of the state. With an investor-centric approach, the government has launched the New Industrial Policy 2020-2025 to prosper Karnataka and build large-scale employment opportunities. He said this policy would include various incentives and regulatory reforms like land access and labour market regulation.

Image Source

Also read: PM Narendra Modi inaugurates infra projects in UP worth Rs 1,583 cr

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..