Karnataka signs 8 MoUs worth ₹23,000 crore at WEF meet with focus on AI, sustainability, and rural growth
₹23,000 crore of investment into the state at the recently concluded World Economic Forum meet in Davos, Switzerland. Also Read: Karnataka news: Section 144 imposed after quarrel during Lord Ram idol procession in Kalaburagi The state delegation engaged in as many as 50 meetings with industry leaders and signed eight MoUs with different global firms worth ₹23,000 crore "Karnataka successfully signed eight MoUs worth ₹23,000 crore with global companies.
Noteworthy agreements include Web Werks' ₹20,000 crore investment for a hyper-scale data centre and Microsoft's commitment to digital skilling interventions," Large and Medium Industries Minister M B Patil said on Wednesday. Also Read: ‘Aisa hota rehta hai’: PM Modi's witty remark amid ‘Modi Modi’ chants leaves Karnataka CM scratching his head | Watch He also said that artificial intelligence, citizen services, sustainability, e-governance, emerged as the key theme of engagement between the state government and the global firms.
"Artificial Intelligence emerged as a prominent theme, with discussions held with companies like HCL, HP, Cisco, and Sony," the Minister noted. Sustainability and Citizen Services were also key areas of focus, with engagements with companies such as Planet, Volvo and Nestle, Patil told in a media interaction.
"Our subsequent focus will be on realising these agreements, converting discussions into concrete investments, and addressing feedback for the smooth implementation of these projects," Patil said. Also Read: Ashok Leyland to deliver 1,225 buses to Karnataka State Transport Undertakings by April this year The state government signed an MoU with Hitachi for economic boost in the state focused on rural areas.
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