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Karnataka govt signs MoUs worth Rs 22,000 cr at World Economic Forum meet

Thursday, 18 Jan 2024
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Karnataka government has signed business and technology contracts worth Rs 22,000 core with seven companies on the second day of the World Economic Forum 2024 being held currently at Davos. Data centre solutions provider, Web Werks signed a memorandum of understanding (MoU) with the state government for setting up a data centre park at an outlay of Rs 20,000 crore. The company also intends to establish a connectivity hub featuring hyper-scaler data centres capabilities in the city.

Hitachi also signed an MoU on economic development through work in the rural sector, healthcare, education, and panchayat e-governance which will create opportunities for people in the state. The company is planning to start M-Star Telemedicine Deployment through Hitachi MGRM Net.

Further, Microsoft signed an MoU with the government on skilling and governance initiatives. Under Microsoft’s digital skilling program, Microsoft RISE, the company has proposed to execute a digital skilling initiative aimed at enhancing livelihood opportunities for under-served youth in India, with a focus on job seekers, nano entrepreneurs, and those in regions with low workforce participation, aspirational districts, remote, and tribal areas.

Additionally, four other companies have entered into MOUs with the state, collectively valued at over Rs 2,000 crore. A high-power delegation headed by Minister for Large and Medium Industries and Infrastructure Development, MB Patil also held talks with heads of Volvo Group, Nestle, Sony, Inox Group, Lulu Group, Honeywell, Takeda Pharma, and other prominent companies.

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