Karnataka has signed 21 MoUs worth ₹46,375 crore, Chief Minister Siddaramaiah said. The investments are expected to create nearly 27,170 jobs.
Speaking at the inauguration of the 78th Annual Technical Meeting (ATM) of the Indian Institute of Metals (IIM) on Wednesday, the Chief Minister reaffirmed the State government’s commitment to making Karnataka a leader world of advanced manufacturing. Highlighting recent progress, he said the government aims to secure the third position nationally in terms of investments by the end of the financial year 2023-24, with ₹54,427 crore of investments.
Further, the CM mentioned that Karnataka is expected to move up to the second position nationally, with additional investments worth ₹19,059 crore.
The Chief Minister further noted that a total of 669 investment projects have been approved by the state-level single window committees, providing for investments of ₹90,027 crore and establishment of around 1,73 741 jobs.
The three-day event, organized from November 20 to 22, is organized by JSW Steel in collaboration with the Ministry of Steel and IIM Vijayanagar, Bangalore, Dolvi, Salem and Kolkata chapters. It brings together 1,700 delegates, including the best national and international experts in the metals and materials industry.
