JSW Group to invest another Rs 1 lakh crore in Karnataka over next 5 years in green energy, new greenfield port: Chairman Sajjan Jindal
Photo : BCCL
Addressing the event on Wednesday, Jindal noted that the JSW Group’s Ballari steel plant in Karnataka has grown to be the biggest in India and would soon become the biggest steel plant in the world. He also requested the state government to consider mineral auctions as it would further encourage investment in the manufacturing sector and support Karnataka’s growth trajectory.
In this context, Jindal lauded the Odisha government for being the “most aggressive” state in auctioning “the mineral assets, the mines”.
“When I speak for the evolution that is taking place in steel making, time is of essence. As minerals like iron ore will always be not needed for production of steel, hence, it’s imperative that these assets are monetised at the earliest,” Jindal said.
Karnataka has held its position as one of the most preferred investment destinations in India, truly representing the government’s “One State, Many Opportunities” mantra, Jindal said, adding that quality education, pro-active governance and effective policy-making have rendered Bengaluru our start-up capital, with the highest Ease of Doing Business score in the country.
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