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Karnataka - Foxconn sign Letter of Intent or two more projects, investments of Rs 5,000 crore The Karnataka government and iPhone maker Foxconn have signed a Letter of Intent (LOI) for two projects with an estimated investment outlay of Rs 5,000 crore generating 13,000 jobs, state Large and Medium Industries Minister M.B. Patil said on Wednesday. These projects are in addition to the iPhone end assembly plant which the Taiwanese company has planned to set up at Devanahalli ITIR in the outskirts of Bengaluru with an investment of about Rs.14,000 crore. Giving out details about th...
Karnataka - Foxconn sign Letter of Intent or two more projects, investments of Rs 5,000 crore
Karnataka - Foxconn sign Letter of Intent or two more projects, investments of Rs 5,000 crore
Source: IANS
3/08/2023 10:06:46 AM
Confidant of 100% sowing following good rainfall in Karnataka : Chief Minister Siddaramaiah Karnataka Chief Minister Siddaramaiah said on Wednesday that he was confident of farmers carrying out 100 per cent sowing activity in a few days in view of good rainfall.  The delay in Monsoon rains has threatened the farming community and it was predicted that it would affect the sowing activity to a great extent.   Speaking to reporters after garlanding statues of martyred soldiers on Kargil Diwas, Siddaramaiah said the situation was not out of control due to rain in Karn...
Confidant of 100% sowing following good rainfall in Karnataka : Chief Minister Siddaramaiah
Confidant of 100% sowing following good rainfall in Karnataka : Chief Minister Siddaramaiah
Source: IANS
26/07/2023 2:07:14 PM
Siddaramaiah holds talks with CEO of Foxconn subsidiary in Bengaluru In a major development, Karnataka Chief Minister Siddaramaiah on Monday held an important meeting with the CEO of a subsidiary entity of the Taiwanese chip making giant Foxconn in Bengaluru. The delegation headed by the Foxconn Industrial Internet CEO Brand Cheng met Siddaramaiah at the Vidhana Soudha and discussed establishing a manufacturing unit near Tumakuru. The meeting was attended by the Large and Medium Industries Minister M.B. Patil, RDPR, IT and BT minister Priyank Kharge and ...
Siddaramaiah holds talks with CEO of Foxconn subsidiary in Bengaluru
Siddaramaiah holds talks with CEO of Foxconn subsidiary in Bengaluru
Source: IANS
17/07/2023 2:57:59 PM
Karnataka Chief Minister Siddaramaiah presents Rs 3.27 lakh crore budget Karnataka Chief Minister Siddaramaiah has presented the budget for the financial year 2023-24, with an outlay of over Rs 3.27 lakh crore.  While presenting the budget, CM Siddaramaiah said that approximately, Rs 52,000 crore will be spent annually to fulfill the five guarantees.  The government has aimed at collection of Rs 11,500 crore of taxes. The excise duty has been hiked by 20 per cent on liquor and 10 per cent on beer.  It has been announced in the budget that t...
Karnataka Chief Minister Siddaramaiah presents Rs 3.27 lakh crore budget
Karnataka Chief Minister Siddaramaiah presents Rs 3.27 lakh crore budget
Source: IANS
8/07/2023 9:13:05 AM
Karnataka Industries Minister invites Tesla to set up its plant in state Inviting leading electric car maker, the US-based Tesla to set up its plant in Karnataka, state Large and Medium Industries Minister M.B. Patil said on Friday that the government would extend all the cooperation if the company decides to expand its operations here. If the company has plans of expanding its operations to India, certainly Karnataka would be an ideal destination, Patil said in a tweet. The government stands ready to support and provide the necessary facilities for Tesla an...
Karnataka Industries Minister invites Tesla to set up its plant in state
Karnataka Industries Minister invites Tesla to set up its plant in state
Source: IANS
24/06/2023 9:27:40 AM
Lithium cell plant: IBC interested in investing Rs 8K cr in Karnataka. Representatives of the US-based International Battery Company (IBC), which is considering setting up a Lithium Nickle Manganese Cobalt prismatic cell manufacturing industry in Karnataka by investing Rs 8,000 crore, met Large and Medium Industries Minister M.B. Patil on Monday. At the meeting convened at the KUM conference hall in Khanija Bhavana, IBC officials briefed the minister about the specifics of the company and discussed the steps forward. IBC plans to set up a non-captive gigaf...
Lithium cell plant: IBC interested in investing Rs 8K cr in Karnataka.
Lithium cell plant: IBC interested in investing Rs 8K cr in Karnataka.
Source: IANS
20/06/2023 9:43:06 AM
Revised Karnataka power tariff from June bills; forced to implement hike, says Bescom MD The Karnataka Electricity Regulatory Commission (KERC) revised the power tariff on May 12, raising it to an average 70 paise per unit for all household connections in the state and the order was given retrospective effect from April, officials said on Sunday. Due to the revision of the tariff, an enhanced average 70 paise per unit will be collected in the June bills, said Bengaluru Electricity Supply Company (Bescom) Managing Director Mahantesh Bilagi. "We have been forced to implemen...
Revised Karnataka power tariff from June bills; forced to implement hike, says Bescom MD
Revised Karnataka power tariff from June bills; forced to implement hike, says Bescom MD
Source: IANS
12/06/2023 9:28:18 AM
Investment from Dutch industries will be encouraged: Siddaramiah The Consul General of the Netherlands in Bengaluru Ewout de Wit on Tuesday called on Chief Minister Siddaramaiah and held discussions. Noting that Karnataka has an investor-friendly ecosystem that helps the economy to grow, and ample skilled manpower and good law and order conditions, the diplomat said that The Netherlands has invested a substantial amount in the state, amounting to a total of 9 per cent. De Wit said that The Netherlands has a special interest in industries such as sust...
Investment from Dutch industries will be encouraged: Siddaramiah
Investment from Dutch industries will be encouraged: Siddaramiah
Source: IANS
7/06/2023 9:46:45 AM