Belagavi district to get major share of investments promised during summit
Belagavi district will get a major share of the investments promised during the Invest Karnataka summit, said a release from Industries Minister M.B. Patil.
As many as 10 companies, including a Canadian one, will invest ₹28,495 crore in the border district. They signed MoUs with the State government during the Invest Karnataka summit. They are expected to generate over 12,000 direct jobs and over a lakh indirect jobs, the Minister said in the release.
'The companies include Canada-based Mugellan Aerospace Limited that has committed ₹115 crore to set up operations in the aerospace and defense sector. The largest investment comes from Hero Posture Energies Ltd. which plans to invest ₹22,200 crore in the region. The company has sought 150 acres at Kittur Industrial Estate for this project,' according to Deputy Commissioner Mohammad Roshan.
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