Karnataka minister MB Patil invites Temasek Holdings to invest in KHIR-City

Karnataka minister MB Patil emphasised the government's complete support and cooperation for future ventures in the state.

Karnataka large and medium industries and infrastructure development minister MB Patil on December 20 extended an invitation to Temasek Holdings, a global investment company owned by the Singapore government, to invest in the Knowledge, Health, Innovation, and Research City (KHIR City), which is being planned on the outskirts of Bengaluru.

Leading a delegation focused on attracting investments to the state, Patil engaged in discussions with key industry figures in Mumbai. Talks included representatives from ABG and Temasek Holdings Advisors India Private Limited.

The discussion between Patil and Mohit Bhandari, managing director of Temasek Holdings, centred on the upcoming KHIR-City project.

Also, read: Karnataka plans KHIR City; aims to generate Rs 40,000 cr investment & create 80,000 jobs

"During the visit, the delegation also toured the Jio World Centre, a modern landmark showcasing the seamless convergence of business, technology, and culture powered by 5G" said a statement from the industries minister's office.

Meetings were held with industry leaders such as Satish Pai, MD of Hindalco; Saurabh Khedkar, president & CEO of Speciality Aluminas and Chemicals; Jayant Dua, business head of Renewables; and ER Raj Narayanan and Jayant V Dhobley of ABG.

Expressing the Karnataka government's commitment to becoming a leading industry-friendly state, Patil assured necessary support during interactions with leaders of major Indian conglomerates.

Invitations to invest in Karnataka were extended to the Tata Group, Mahindra Group, JSW, RPG Group, and others.

The delegation engaged in discussions with Natarajan Chandrasekaran, chairman of Tata Sons, and leaders from various Tata Group businesses. Talks also involved Sajjan Jindal, chairman and managing director of JSW Steel, and executives from the JSW Group.

Meetings with Mahindra Group included discussions with Vinod Sahay, president of Aerospace and Defence, and chief purchase officer; Abanti Sankaranarayanan, chief group public affairs officer; Suman Mishra, MD and CEO of Mahindra Last-Mile Mobility Ltd; and Santhosh Kutty, COO of Mahindra Holidays and Resorts India Ltd.

During his two-day visit to Mumbai, Patil also invited Anant Goenka, vice-chairman of RPG Group, and Vimal Kejriwal, MD and CEO of KEC International, to consider Karnataka as a potential investment destination.

The minister emphasised the government's complete support and cooperation for future ventures in the state.