KARNATAKA INDUSTRY
Karnataka: Channapatna emerges ground zero for proxy war between HD Kumaraswamy & DK Shivakumar
Shivakumar is quietly drawing up strategies to avenge his brother, three-time MP DK Suresh’s defeat in Bengaluru Rural LS seat. Channapatna, about 50 km, from Bengaluru, is part of Bengaluru Rural LS constituency. The two Vokkaliga leaders are leaving no stone unturned to assert their supremacy in this predominantly Vokkaliga region.
Congress govt in K'taka "unnecessarily quarrelling" with Centre: Union Minister Kumaraswamy
"I know this government (in Karnataka is) unnecessarily quarrelling with the Central government. First of all, I request the Karnataka government that -- quarrelling will not help. Or throwing mud against the Central government will not help. Whatever is the issue, come, discuss with us," Kumaraswamy said.
South Korean firm HyVision System inks deal with Karnataka to build plant near Foxconn facility in Bengaluru
South Korean HyVision System signed an agreement with Karnataka on Friday to allow the company to build a factory for camera inspection machines. This unit will be near the Foxconn facility, which is close to Bengaluru's Kempegowda International Airport in Devanahalli.
Many South Korean companies assured investment in Karnataka across gaming, auto and FMCG sectors
The meeting took place between M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka and prominent Korean companies such as YG-1, Krafton Inc., Go Pizza, and HY Automotive Controls.
Karnataka losing out in manufacturing race; CXO churn in startups
New-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnataka. More on this in today's ETtech Morning Dispatch.
Why new-age EV manufacturers are picking nimble neighbouring states over Karnataka
Karnataka has excellent facilities, but states like TN are more proactive, say industry executives; for some firms, market proximity is key reason to set up facility.
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'Well planned': Pralhad Joshi slams CM Siddaramaiah over demand for more Deputy CMs in Karnataka
"Congress has been nearly wiped out in Karnataka, and they are now taking revenge on the people. As far as industrialization and development are concerned, the Congress government is indulging in politics over additional Deputy CM posts, which is creating lots of confusion," the Union Minister said on Saturday.
Will build film city in Mysuru, says Karnataka CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah announced plans to build a film city in Mysuru, offering 100 acres of land for the project and emphasising a public-private partnership approach. He also pledged steps towards establishing a Kannada OTT platform, fulfilling a long-held dream of Kannada film legend Dr. Rajkumar. Siddaramaiah criticised the previous BJP government for inaction on the film city initiative and vowed to address the OTT platform issue.
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Karnataka seeks Gujarat’s GIFT city-like facility for state from Centre ahead of Union Budget
Pushing for a Central Business District akin to GIFT City, Karnataka seeks rapid project approvals and funding for infrastructure, emphasizing economic growth, job creation, talent development, and research initiatives.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
Karnataka Industries Minister Patil blames Bommai govt for losing Ather EV project to Maharashtra
Bellad emphasizes the necessity of a leadership change to restore Karnataka's reputation as an investment-friendly state, calling for a shift towards concrete actions and results to attract investments.
Karnataka's industries minister MB Patil asks his team to prepare blueprint for Bengaluru's second airport to deal with future growth
With Bengaluru’s international airport breaching projections in traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying
Karnataka committed to developing rural areas through cluster development initiatives, says Siddaramaiah
The Global Investor Meet - Invest Karnataka 2025 was a flagship investor event for the state of Karnataka, he added. “Through this event, we seek not only to showcase Karnataka’s technological prowess and manufacturing excellence, but also to position Karnataka on the global stage as a leading player in the global supply chain,” he said. The state, Siddaramaiah added, was a premier destination for global investments, being the second-highest recipient of FDI inflows in India, with 22% in the last 5 years cumulatively.
Karnataka contributes 22% to global R&D, says IT Minister Priyank Kharge
Karnataka IT Minister Priyank Kharge on Wednesday said the state is at the forefront of innovation, contributing 22 per cent to global R&D, and is leading in areas such as technology services. The state government is striving to make not just Karnataka but India a skilled nation, research and manufacturing destination, innovation capital and biotech and startup hub, he said.
Karnataka seeks Centre's support for semiconductor investments akin to Gujarat
Industries & Infrastructure Minister MB Patil seeks support for semiconductor investments in Karnataka similar to the support received by Micron Technology in Gujarat under the Indian Semiconductor Mission. Micron is investing $2.75 billion in an ATMP plant with government subsidies. Kumaraswamy and Kharge have also commented on the investment.
Karnataka defends fuel price hike amidst growing outrage; BJP to protest statewide
While Industries minister MB Patil on Sunday defended the hike, saying the money was necessary for funding the state’s guarantee schemes, citizens took to social media to express their dissatisfaction, with the topic generating over 11,000 posts on X.
Karnataka: No link between electoral results and fuel price hike, says CM Siddaramaiah
Chief Minister Siddaramaiah denied a link between election results and petrol and diesel price hikes, despite a backlash from citizens. He acknowledged the Congress's loss in Vijayapura and the BJP's drop in seats. Petrol and diesel prices were reduced after the Centre cut autofuel taxes.
BJP attacks Karnataka govt over fuel price hike
The BJP accused the Congress government in Karnataka of poor financial management after petrol price hikes. The party said that they will protest against the decision on Monday. The government announced a substantial increase in petrol and diesel prices, drawing criticism from citizens and opposition. The BJP lambasted the timing of the hike post-election, calling for its withdrawal due to the financial strain it places on the public and various industries in the state.
Maharashtra, Karnataka, Delhi top UK's investment flows from India: Report
Maharashtra, Karnataka, and Delhi led in bringing foreign direct investment (FDI) to the UK, per a CII and Indian High Commission joint report. The report highlighted the contributions of Indian companies in various sectors, showcasing their positive impact on the UK economy, job creation, and cultural diversity. Additionally, it notes the significant economic ties between India and the UK, with India being the UK's second-largest source market.
FDI fall seen across India, not just Karnataka, says industries minister Patil
State's industries minister MB Patil highlighted the decline in FDI in Karnataka and the entire country due to global factors and flawed policies of the Centre, with FDI decreasing from US $71 billion to US $70 billion in 2023-24.
Congress slams Devendra Fadnavis over FDI data, says Maharashtra has always been on the top
The MVA government under Uddhav Thackeray fell in June 2022 after Eknath Shinde led a rebellion in Shiv Sena and joined hands with the BJP to become the chief minister. Congress is an MVA partner.
Maharashtra attracts highest FDI for second consecutive year: Fadnavis
Maharashtra Deputy Chief Minister Devendra Fadnavis announced that the state has attracted the highest foreign direct investment (FDI) in India for the second consecutive year. According to the Department for Promotion of Industry and Internal Trade (DPIIT), Maharashtra received FDI worth Rs 1,25,101 crore in 2023-24, surpassing Gujarat and Karnataka.
Sugar exports to depend on monsoon, cane sowing in 2024-25
India may consider allowing sugar exports for the 2024-25 season pending final assessment of sugarcane sowing and output. The country anticipates a lower sugar production of 30 million tonnes compared to 32.8 million tonnes last year. Mills in Tamil Nadu and Karnataka have come close to the end of crushing for the current season and expect to reach 31.8 million tonnes by September. The government is prioritizing stock availability for domestic consumption and ethanol production.
Hindalco in process of bidding for two nickel, cobalt mines in Maharashtra, Karnataka: MD
Key minerals like copper, lithium, nickel, cobalt, and rare earth elements are crucial elements in numerous rapidly expanding clean energy technologies, ranging from wind turbines and electrical grids to electric vehicles.
Angel tax destroyed startup ecosystem, GST killed gaming industry, says Priyank Kharge
His comments come as political parties are in the middle of the Lok Sabha election, with two more phases scheduled over the next ten days.
Balu Forge Industries acquires 72,000-tonne forging lines in Karnataka
Balu Forge Industries Ltd (BFIL) acquired three forging lines in Karnataka with a total capacity of 72,000 tonnes per year for an undisclosed amount. The acquisitions aims to enhance its capabilities in heavy forged products. The new acquisition aims to strengthen BFIL's position in the global engineering product market, enabling it to compete on precision, product quality, and pricing. The Mumbai-based company specializes in manufacturing forged metal components for various industries.
Stars of Kannada film industry descend to cast votes for Lok Sabha polls
Several Sandalwood stars actively participated in the election process on April 26. Prakash Raj emphasized voting against hate and division, while Darshan, seen supporting a Congress candidate, cast his vote in Bengaluru. Upendra stressed the importance of voting for the country and urged everyone, especially youngsters, to participate.
Karnataka Industries minister mum on talks with Tesla
The Minister's post on X came in response to a comment by Aarin Capital chairman TV Mohandas Pai who said Telangana government was in talks with Tesla to set up an electric car plant. "Is GoK wooing Tesla and Elon Musk to come to Karnataka? Best place in India!" the former Infosys director and CFO said.
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