Good evening to all the esteemed dignitaries, Respected Chief Minister, Respected Deputy Chief Minister, Minister of Large and Medium Industry, Government officials, other ministers on the dais, fellow industry and friends. It is a great pleasure and privilege to be here today at this Invest Karnataka 2025 as Karnataka celebrates its economic and industrial leadership.
Friends, Karnataka holds a very special place in my heart. Karnataka is where I became an engineer. The seat of the JSW Group, we were born here. Many of our businesses are born here. Though I hail from Haryana, it was in Karnataka that I took up the first big challenge of my entrepreneurial journey: building a world-class steel plant in Bellary in Vijayanagar, which started as a barren arid land, a locked region, but today has become India's largest single location integrated steel plant, and soon to become the world's largest integrated single location steel plant. This transformation was not mine alone; it was achieved with the dedication and determination of the people of Karnataka. Karnataka gave me the knowledge, the opportunity, and the environment to build and grow. That is why I am proud, I proudly call Karnataka my karma bhoomi. I am your son, you are all my family.
JSW Group has invested over ₹1 lakh crore in Karnataka, creating over 100,000 jobs. Karnataka's rich history of enterprise dates back to the Vijayanagar Empire, known not only for its magnificence but also for its leadership in various sectors like biotechnology, information technology, textiles, aerospace, automobile, defense, iron and steel. With more than 250 engineering colleges, 44 universities, and 25,000 startups, Karnataka is truly the R&D and innovation capital of India. Under the leadership of Respected Chief Minister Shri Siddaramaiah ji and his progressive government, Karnataka has emerged as one of the most investment-friendly states in India. The government's policy, infrastructure, and ease of doing business make it a preferred destination for domestic and international investors. I must also mention the bureaucracy of the state; they understand the need of business and they take a long-term view, and that is why we in the industry prosper here in this state. Bengaluru in particular is a magnet for talent, attracting some of the brightest minds from across the country. Walking through its streets, one can see both the brilliance of its people and of course the infamous traffic jams because of everyone being busy building the next unicorn and the next big innovation.
JSW Group has been deeply rooted in Karnataka. Many of our businesses—steel, energy, infrastructure, paints, and ports—started here. We are also deeply invested in sports and talent development. The state's Inspire Institute of Sports nurtures champions like Neeraj Chopra, Sakshi Malik, Bajrang Punia, who have brought laurels to India at the Olympics. Karnataka is also home to Bengaluru FC, our football team. JSW Foundation, with a legacy of over two decades in Karnataka, our CSR arm is deep in its impact. In the past two decades, it has positively impacted the lives of millions of Kannadigas through grassroots initiatives across education, health, livelihoods, skill development, and environment. JSW Foundation has played a role in revitalizing the cultural heritage of Karnataka through our interventions in Hampi, which have resulted in increasing tourist footfalls in this region and also getting it the prestigious UNESCO World Heritage Site certification. The Foundation is now working with Hampi Development Authority and Government of Karnataka to convert Hampi into a global tourist hotspot by introducing Hampi by Night. JSW Foundation is also supporting artists, artisans, and local craftsmen.
I am excited to announce JSW's next phase of investment in Karnataka across five thrust areas: Steel: We are committed to making Vijayanagar the world's largest and most advanced steel plant. A ₹43,000 crore investment will expand capacity, implement cutting-edge AI and robotics, and lead the world in producing high-quality steel. Energy: Karnataka's abundant renewable resources make it ideal for green energy. I was talking to the Energy Minister, Mr. George, I was telling him that Karnataka has this huge potential to make the grid a green grid. There could be one of the first in the world to become the highest percentage of up to 70% of green energy. And to that fact, we are investing ₹56,000 crore in the next few years in building solar, wind, green hydrogen, and pumped storage facilities in Karnataka. Infrastructure: We are building a port in Keni, which will be the largest port of Karnataka in South Karnataka, near Karwar.
Our commitment extends beyond business. We are here to build communities, empower people, and strengthen Karnataka's cultural and economic backbone. So friends, please come to Karnataka, invest in this state because you won't find a better state to invest. This state has all the ingredients needed to set up industry, to set up business, and the peace of mind that you get in this state you cannot get anywhere else in the world. And I am saying this because I am a long-term investor in Karnataka. I can confidently say that this state offers unparalleled opportunity for businesses to thrive. The government support, the entrepreneurial spirit, and the talent pool make it an ideal destination for investment. The people of Karnataka are the greatest assets for any company. The local people here are very intelligent and hardworking. To my fellow investors, I say this: Karnataka is the land of opportunity, the place where businesses grow, where ideas turn into reality, and where the future of India is being shaped. Join us in making Karnataka stronger, more prosperous, and a global industrial powerhouse. Make in Karnataka, make for India, make for the world. Jai Hind, Jai Karnataka.
