<p>Sajjan Jindal, the billionaire chairman of the metals-to-cement conglomerate JSW Group, said it will invest Rs 1 lakh crore more in Karnataka.</p>.<p>“JSW Group has so far invested over Rs 1 lakh crore in Karnataka, and in the next five years, we are planning to invest additional Rs 1 lakh crore,” Jindal said on the first day of the Global Investors’ Meet in Bengaluru.</p>.<p>It will use the money to expand its steel plant, develop its port infrastructure and fund its expansion plans in the renewable energy sector, among other things.</p>.<p>Jindal also urged the state government to consider auctioning its mineral resources.</p>.<p>“Time is of essence as minerals like iron ore will not always be needed for the production of steel,” Jindal said. “Hence, it is imperative that these assets are monetised</p>
<p>Sajjan Jindal, the billionaire chairman of the metals-to-cement conglomerate JSW Group, said it will invest Rs 1 lakh crore more in Karnataka.</p>.<p>“JSW Group has so far invested over Rs 1 lakh crore in Karnataka, and in the next five years, we are planning to invest additional Rs 1 lakh crore,” Jindal said on the first day of the Global Investors’ Meet in Bengaluru.</p>.<p>It will use the money to expand its steel plant, develop its port infrastructure and fund its expansion plans in the renewable energy sector, among other things.</p>.<p>Jindal also urged the state government to consider auctioning its mineral resources.</p>.<p>“Time is of essence as minerals like iron ore will not always be needed for the production of steel,” Jindal said. “Hence, it is imperative that these assets are monetised</p>