Industries Minister meets companies in Kolkata, sells Karnataka as attractive investment destination

Bengaluru: Continuing efforts to attract investment into Karnataka’s industrial sector, Large and Medium Industries Minister M.B. Patil has turned his attention to eastern India and recently held a series of meetings with representatives of eight leading companies in Kolkata in this context.

Accompanied by a high-level State delegation, the Minister met senior representatives of Greenply Industries, a leading manufacturer of plywood and wood panel products, Tega Industries, a global mining and mineral processing solutions company, Regaal Resources Limited, a leading agro-processing company, Graphite India Limited, a major manufacturer of graphite electrodes, Vikram Solar, one of India’s leading solar PV module manufacturers, and Rupa & Company Limited, a leading knitwear and apparel manufacturer.

During the meetings, he invited the companies to give priority to expanding their investments and manufacturing operations in Karnataka.

Patil said the State government was promoting balanced industrial development under its Beyond Bengaluru initiative and encouraged investors to explore opportunities in regions such as Vijayapura, Tumakuru, Belagavi and Hubballi.

He highlighted the immense potential these regions offered in sectors such as electric vehicles and renewable energy. He also invited company delegations to visit Karnataka to assess the availability of land, water and power, assuring them of the State’s full support and facilitation.

Patil encouraged Regaal Resources, which currently manufactures maize-based products, to expand its operations into the processing of other agricultural produce, including toor dal.

He also said that Rupa & Company Limited had expressed interest in setting up another manufacturing facility in Karnataka. Discussions on these proposed investments will continue, to take the projects forward, he added.