Overview
- Karnataka industries minister M. B. Patil met representatives of Menzies Aviation, UPL, Coca-Cola, Tata, AB InBev and NFW Earth at the WEF meeting in Davos, according to his office.
- Menzies, which has already invested $25 million in Bengaluru cargo operations, is considering an additional $10 million to expand services at Kempegowda International Airport and is exploring a Global Capability Centre in the state.
- NFW Earth committed an initial Rs 1,800 crore investment for India and plans to submit a project proposal to Karnataka shortly, per the minister’s statement.
- UPL is exploring potash imports through Mangaluru port, proposing maize-based industries in Karnataka, and evaluating an ethanol unit using technology aimed at cutting urea use by about 30%.
- Karnataka urged Coca-Cola to route a share of its Rs 25,760 crore India plan to the state with Vijayapura suggested for beverage manufacturing, while AB InBev flagged potential capacity expansion and Tata shared requirements for upcoming projects.