RPSG to Invest Rs 10,500 Crore in Karnataka; State Woos Global Investors at Davos

• RP-Sanjiv Goenka Group (RPSG) will invest Rs 10,500 crore over three years in Karnataka's Vijayapura and Ballari districts, focusing on renewable energy.
• Karnataka's Large and Medium Industries Minister MB Patil announced the investment at the World Economic Forum (WEF) in Davos.
• Other companies like InoxGFL Group, Ramky Group, Tech Mahindra, and Lenovo are also planning investments or partnerships in the state.
• The state is actively seeking investments from Singapore-based companies in semiconductors, biotechnology, and aerospace, and plans a 'Singapore Park'.
• Schneider Electric will establish 20 new training facilities, aiming for 100 skill development centers in Karnataka; a MoU was signed with Swiss Chambers India.

Why It Matters: Karnataka secured significant investments from RPSG and other global firms, showcasing its appeal at the Davos WEF.