Karnataka receives investment proposals worth ₹9,700 crore.

Karnataka has received investment proposals worth ₹9,700 crore at the Make in India Week in Mumbai.

These include French major Tar Kovacs Systems Group’s proposal to invest ₹2,284 crore to establish an ocean-based renewable energy project.

US-based McCormick Ingredients plans to invest ₹150 crore to set up a food processing unit, while garment export company Global Mode & Accessories Pvt Ltd proposes to invest ₹25 crore to set up a manufacturing unit with an employment potential of 2,000 persons.

First Solar, a solar cell manufacturing unit, has announced a ₹6,000 crore investment.

Pert Telecom plans to establish a manufacturing base for a range of smart products and solutions in the areas of street lighting, IT security, surveillance and GPS at an investment of ₹1,250 crore in a phased manner.

Earlier, addressing delegates at the conference, State Minister for Large and Medium Industries and Tourism RV Deshpande said the Karnataka government had come out with industry-friendly policies.

It had streamlined processes for faster clearance of projects, he added.

HBL