JSW Group To Invest Rs 1 Lakh Crore In This State

The investment would head into expansion of JSW’s steel plant and renewable energy.(File)

Bengaluru:

The JSW Group plans to invest Rs one lakh crore in Karnataka over the next five years, its Chairman Sajjan Jindal said on Wednesday.

In his address to the inaugural function of “Invest Karnataka 2022”, the State’s Global Investors’ Meet (GIM) here, he also requested the state government to consider mineral auctions.

Sajjan Jindal said the Group has so far invested over Rs one lakh crore in Karnataka. “And over the next five years, we have plans to invest additional Rs one lakh crore in Karnataka”.

The investment would head into expansion of its steel plant, and renewable energy and port infrastructure development space.

The 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, Sajjan Jindal noted.

Urging the state government to consider mineral auctions, he said the move would further encourage investment in the manufacturing sector and support Karnataka’s growth trajectory.

In this context, he praised the Odisha government for being the “most aggressive” State in auctioning “the mineral assets, the mines”.

Featured Video Of The Day

“End Climate Of Indecision”: Sachin Pilot Abandons Inside Voice In Rajasthan Feud

Leave a Reply

Your email address will not be published. Required fields are marked *