JSW Group to Invest ₹1.2 Trillion in Karnataka – Bengaluru

JSW Group chairman Sajjan Jindal on Friday announced an investment of ₹1.2 lakh crore in the state in a boost to Karnataka’s industrial and economic prospects. The announcement was made at the Invest Karnataka 2025 summit and is considered JSW’s long-term commitment to the region.

Referring to Karnataka as his karmabhoomi (land of duty), Jindal described the influential role of the state in the growth story of the JSW group. “The fact that you are a long-term investor, I would put it this way — I have no hesitation in saying that Karnataka is going to provide the best opportunity for farmers and businesses, businesses and businesses to grow,” he said. The new investments will be in steel, energy, infrastructure, cement and paints, generating hundreds of thousands of jobs.

Key Investment Highlights:

Steel: A total of ₹43,000 crores will be spent on expanding the Vijayanagar facility to make it the world’s biggest and smartest steel plant, including AI, robotics and high-quality electrical steel-making.

New and Renewable energy ₹56000 crore will be invested in solar, wind, and green hydrogen projects, thus supporting Karnataka’s clean energy transition

Infrastructure: ₹4,350 crore has been earmarked for the augmentation of capacity of Mangalore port and the development of 30 MTPA ports in Keni village.

Cement: Of the ₹950 crore, ₹750 crore will be used for adding 4 million tons per annum (MTPA) capacity to JSW Cement’s Karnataka operations, thereby consolidating the player’s ability to produce eco-friendly & high strength cement.

Paints: ₹500 crore will be invested to double JSW Paints’ production capacity in Karnataka to 3 lakh KL from 1.6 lakh KL

JSW Group has already invested more than ₹ 1.2 lakh crore in the State, providing over 1,00,000 jobs. Jindal attributed the state’s progressive policies, skilled workforce and business-friendly environment to making it a preferred investment destination.

Apart from business, JSW is committed to the social development of Karnataka. CHANGEPATH: JSW Foundation has been working in education, healthcare, skill development and heritage conservation. To boost Hampi’s global appeal, the company is also working on projects such as Hampi by Night and Hampi Art Labs.

Jindal ended his speech with a vision of the future of Karnataka, saying, “Make in Karnataka, Make for India, Make for the World.”