Karnataka inked MoUs bringing in Rs 46,375 crore investments

Bengaluru: Karnataka Chief Minister Siddaramaiah on Wednesday said the state has prioritised economic development by signing 21 MoUs with various organisations, bringing in investments worth Rs 46,375 crore with potential to generate 27,170 new jobs, since his government assumed office last year.Speaking at the inauguration of the 78th Annual Technical Meet of the Indian Institute of Metals, he said Bengaluru stands as a symbol of technological and industrial progress. The Chief Minister said the theme, Transformational Technologies in Materials and Manufacturing, of the three-day conclave underscores the critical need to envision and implement pioneering solutions to navigate the complexities of a rapidly evolving world. Highlighting that Karnataka's dedication to reducing carbon emissions aligns with India's overall goals to mitigate climate change, the Chief Minister said: "Our carbon capture and utilisation programs are paving the way for a low-carbon future in metals and materials production." The Chief Minister said his Government continues to support research and innovation that drive sustainable advancements in the metals and materials sectors, reflecting our commitment to fostering a competitive, responsible, and globally recognised industry.