Bengaluru, Jan 17: Web Werks India proposes to invest Rs 20,000 crore to set up a data centre park here, according to an MoU the company signed with the Karnataka government at the World Economic Forum Annual Meeting at Davos.

"Great news from Davos! This is a giant leap in our infrastructure journey. Welcome aboard, Web Werks!", the Chief Minister Siddaramaiah said on 'X'

"Karnataka has inked an MoU with Web Werks India Pvt. Ltd at the World Economic Forum. We're set to welcome a massive Rs 20,000 crore investment from Web Werks for a new Data Centre Park in Bengaluru," he said.

ALSO READ: Karnataka Govt signs MoUs worth Rs 22,000 crore with 7 companies at WEF meet at Davos

The government signed MoUs with investment proposals to the tune of Rs 22,000 crore with seven companies, including the one with Web Werks, on Tuesday, according to a statement issued by the Karnataka Minister for Large and Medium Industries and Infrastructure Development M B Patil.

A delegation from the state, headed by Patil, engaged in a series of deliberations with industry leaders during the WEF Meet 2024 in Switzerland, it said.

The Lulu Group is set to venture into food processing in Vijayapura district, with plans to invest Rs 300 crore in a plant dedicated to exports, the statement said.

Takeda Pharmaceuticals intends to establish a global innovation centre in Bengaluru and is actively scouting for suitable campus locations, it was stated.

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Bengaluru: The Karnataka State Cricket Association (KSCA) has issued a clarification stating that it was fully prepared to host the IPL playoffs and final matches in Bengaluru but the fixtures were allotted to other venues.

In a media note, KSCA said it was disappointed with the decision. The association stated that its president, former India cricketer Venkatesh Prasad, had been in touch with the Board of Control for Cricket in India (BCCI) and had formally conveyed the association’s readiness and interest in hosting the matches at the M. Chinnaswamy Stadium.

KSCA said the IPL matches held in Bengaluru this season were appreciated for smooth conduct, crowd management and overall experience for spectators. It said this reflected its ability to handle high-profile matches.

The association also stated that it had sent a detailed communication to the BCCI explaining its preparedness and the operational arrangements followed during the current IPL season. According to KSCA, these systems have been in place since the start of the Indian Premier League in 2008 and were followed consistently, including during previous playoff matches hosted in Bengaluru.

The clarification added that the communication sent to the BCCI was only meant to provide factual and operational details and to bring clarity on logistical and stakeholder-related requirements involved in hosting such matches.

KSCA said that although it had shown willingness and preparedness, the BCCI has decided to allocate the playoff matches to other venues. It added that the reasons for this decision have not been formally shared with the association, but it respects the authority of the board in taking such decisions.

The association further said it remains ready to host matches of national and international importance and will continue to cooperate with the BCCI, franchises, government authorities and other stakeholders for conducting cricket events.

The statement was issued by KSCA official spokesperson Vinay Mruthyunjaya, who also thanked the media and cricket fans for their continued support.