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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Amritsar, Nov 24: A bomb-like object was found outside the Ajnala police station near Amritsar on Sunday, police said.

Police sealed the area and pressed a bomb disposal squad into service immediately after getting the information, which sent the object for further investigation, officials said.

Deputy Superintendent of Police, Gurwinder Singh, said it would be too early to say anything on the matter, adding that an investigation was underway.