The Karnataka government announced the signing of Memorandums of Understanding (MoUs) totaling Rs 22,000 crore with seven companies at the World Economic Forum Annual Meeting in Davos. Notably, Web Werks aims to establish a Rs 20,000 crore data center park, while other firms plan investments totaling Rs 2,000 crore. The Lulu Group is set to invest Rs 300 crore in a food processing plant in Vijayapura district. Takeda Pharmaceuticals intends to establish a global innovation center in Bengaluru. The MoUs aim to boost Karnataka’s economic growth and infrastructure development.
Karnataka Attracts Investments Worth Rs 22,000 Crore at WEF Davos
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