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The Karnataka government signs agreements worth ₹1,040 crore with Korean companies.

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The Karnataka government signs agreements worth ₹1,040 crore with Korean companies.
Two MoUs were signed in Seoul between Government of Karnataka and DN Solutions and EMNI.

Two memorandums of understanding (MoUs) for ₹1,040 crore were signed by the Karnataka government in Seoul, South Korea, with DN Solutions and EMNI. MB Patil, the Minister for Infrastructure Development and Large and Medium-Sized Industries, took part in the roadshow in Seoul.

Over the next seven to 10 years, 350 jobs will be created by DN Solutions’ ₹1,000 crore investment to establish machine manufacturing facilities, a research and development centre, and a technical support centre for Indian manufacturing enterprises. In order to store, test, and recycle the battery cells produced by LG Energy Solution in Karnataka, EMNI would invest ₹40 crore in battery technological advancements.

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