Karnataka Secures Rs 1,040 Crore Investments from South Korean Firms
The Karnataka government has signed MoUs worth Rs 1,040 crore with South Korean companies DN Solutions and EMNI Company Limited. These agreements led by Minister M B Patil aim to boost the state's manufacturing, research, and battery technology sectors. DN Solutions will invest Rs 1,000 crore, and EMNI Co. Ltd will contribute Rs 40 crore.
The Karnataka government has secured Rs 1,040 crore in investments from South Korean companies DN Solutions and EMNI Company Limited, according to an official statement released on Tuesday.
Leading the delegation, Karnataka Minister for Large and Medium Industries and Infrastructure Development, M B Patil, facilitated the agreements during a roadshow in Seoul, South Korea.
DN Solutions will invest Rs 1,000 crore in manufacturing and R&D facilities in Karnataka, while EMNI Co. Ltd will contribute Rs 40 crore towards battery technology advancements.
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