WEF meet: ReNew Power signs MoU to invest Rs 50,000 cr in 7 years in Karnataka
Bengaluru, May 24: Renewable energy firm ReNew Power on Tuesday signed a Memorandum of Understanding (MoU) with the Karnataka government in the presence of Chief Minister Basavaraj Bommai, at the World Economic Forum meet in Davos, to invest Rs 50,000 crore in the state over the next seven years.
On the second day of his visit to the WEF meet in the Swiss ski resort town, Bommai today held a series of meetings with industry captains from various countries.
ReNew Power intends to set up production units in Renewable Energy, Battery Storage and Green Hydrogen with potential to create employment opportunities for 30,000 people, the Chief Minister's office said in a statement.
During the day, Bommai met Chairman and CEO of Bharti Enterprises Sunil Bharti Mittal.
Mittal has expressed keen interest to set up a 'Mega Data Centre' in the State, and the Chief Minister has assured all the support from the State government to make it a reality, the release said.
Gautam Adani, Chairman of Adani Group, also called on Bommai and discussed investment opportunities in Karnataka.
Industries Minister Murugesh Nirani, IT, BT Minister C N Ashwath Narayan, Additional Chief Secretary in the Department of Industries E V Ramana Reddy, CM's Principal Secretary N Manjunath and Commissioner in the department of Industries Gunjan Krishna were present at these meetings.
Nirani expressing happiness about meeting with Adani, in a tweet said, "The Adani Group had recently expressed interest to invest nearly Rs 50,000 crore in Karnataka which will boost the economy and create jobs."
The Industry Minister also shared information about the meeting with Volvo. "Volvo is known for their quality and precision engineering globally, among many other positive attributes. It was wonderful to dine with the CEO of Volvo, Mr. Martin Lundsedt today and understand how their drive for quality and precision has made them one of the most revered companies," he said in a tweet.
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US VP JD Vance says Lebanon not part of ceasefire, calls it ‘misunderstanding’
Budapest/Washington: US Vice President J D Vance has said that Lebanon was never included in the ceasefire understanding with Iran, describing the confusion as a “legitimate misunderstanding”.
Speaking to reporters before departing from Hungary, Vance said, “I think the Iranians thought that the ceasefire included Lebanon and it just didn’t. We never made that promise.”
He stressed that the United States had not included Lebanon in the scope of the ceasefire at any stage.
His remarks come amid continued Israeli strikes in Lebanon, where more than 200 people were reported killed, even as ceasefire talks between Iran and the US move forward.
Vance said Israel had “offered … to check themselves a little bit in Lebanon because they want to make sure that our negotiation is successful”.
He warned that if Iran allows the situation in Lebanon to affect the negotiations, it could derail the talks.
“If Iran wants to let this negotiation fall apart in a conflict where they were getting hammered over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice,” he said.
