Karnataka government is optimistic about the investments coming through the Adani Group though the ongoing crisis of the company, resulting from the US-based short-selling firm Hindenburg’s report, could delay and shrink its promised investments in Karnataka.
At the ‘Invest Karnataka-2022 Global Investors Meet’ (GIM) held in Bengaluru in November 2022, the company had announced its plans to invest up to Rs 1 lakh crore across different sectors in Karnataka.
“There could be a delay in these investments materialising. The quantum of investments could even come down by half,” Minister for Large and Medium scale industries Murugesh Nirani told DH. However, Nirani was optimistic that the investments would come through albeit the delay.
