The Make in India Week, which ends in Mumbai on February 18, proved to be of much benefit to the state of Karnataka that signed deals with several investors for five projects in all, drawing a total investment of Rs 9,700 crore.
This includes a Rs-25 crore investment that garment exporter Global Mode & Accessories committed to make for setting up a unit that could employ close to 2,000 people in the state.
Besides, some of the biggest projects were in the renewable energy and electronic manufacturing sectors. According to a government statement, Karnataka received investment intentions from Tar Kovacs, a French company, for setting up of an ocean-based renewable energy project with an investment of Rs 2,290 crore (EUR 300 million). Solar cell manufacturer First Solar will be setting up a manufacturing unit with an investment of Rs 6,000 crore. US-based McCormick Ingredients has also shown keenness to set up a food processing unit with an investment of Rs 150 crore. Mumbai-based Pert Telecom showed intent to set up a manufacturing unit for smart devices in Karnataka, with an investment of Rs 1,250 crore in a phased manner.
