The six million tonne per annum capacity plant would come up up Haveri district, Tata Steel Vice-Chairman B Muthuraman said at the inaugural GIM function.
Aditya Birla Group CMD Kumar Mangalam Birla said the group proposed to invest Rs 7,000 crore in the state. This includes setting up a four million tonne per annum capacity cement plant at a cost of Rs 2,750 crore.
Before the event, state government officials said that Karnataka aims to sign MoUs envisaging an investment of Rs 6 lakh crore during GIM 2012 being held to showcase the state's investment potential.
At the inauguration, Chief Minister D V Sadananda Gowda said during the GIM 2010 the state signed 389 MoUs with (envisaged) investments amounting to Rs 3.92 lakh crore.
Of this amount, more than 72 per cent of the projects are in various stages of implementation, he added. (MORE)