MB Patil, Minister of Large and Medium Industries, Karnataka concluded the Europe Roadshow with the signing of two significant MoUs with Hero Future Energies and Krones, securing investments worth over ₹11,000 crore.
During the roadshow, Hero Future Energies announced an investment of ₹11,000 crore to develop renewable energy, green hydrogen, and e-methanol projects in Karnataka. These projects are scheduled to commence in 2025-26 and are expected to be completed within 2-3 years, generating approximately 3,000 jobs in the State.
Additionally, the Karnataka Government signed an MoU with Krones, a global player in bottling and packaging equipment manufacturing to set up a manufacturing facility in Vemagal Industrial Park Phase 2, Kolar. The MoU also includes plans for Krones to involve its suppliers in ancillary investments.
As part of the roadshow, the minister participated in over 50 meetings across the UK, Netherlands, Germany, and France. The delegation interacted with more than 100 companies and universities, participated in seven business roundtables attended by over 125 representatives from 75 companies.
Key engagements included discussions on kwin city, meetings with government officials, and leading industry associations such as MEDEF and IHK München. These interactions aimed to strengthen collaborations and ensure participation in Invest Karnataka 2025 – Global Investors Meet.
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Published on December 13, 2024
https://www.thehindubusinessline.com/news/mb-patils-europe-roadshow-concludes-securing-over-11000-crore-investment-commitments-for-karnataka/article68982148.ece
