JSW Group plans to invest Rs 1 lakh crore over the next 5 years in steel, green energy, cement, paints and a new greenfield port in Karnataka, Sajjan Jindal said in his speech at the Karnataka
Investment summit. He highlighted the need for quality education, pro-active governance and effective policy-making to make sure Karnataka is at par with Bangalore, India’s silicon valley.
He praised the state as one of the most preferred investment destinations in India, truly representing the government’s "One State, Many Opportunities" mantra. He also requested the government to consider mineral resource auctions to encourage investments in the manufacturing sector.
“India is already witnessing supply-side constraints that are overpowering demand. It is imperative that the government monetizes minerals like iron ore as it will not always be needed for the production of steel,” he said.
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