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Karnataka
Jupiter Capital's plans
Our Bureau
Bangalore, Oct. 30
Jupiter Capital, Mr Rajeev Chandrasekhar's Venture Development, Management has announced that it will be investing over Rs 2,000 crore in diverse projects including transportation and logistics infrastructure, aviation infrastructure and training, strategic technology parks, hospitality and entertainment in Karnataka over the next one year, a company release said. The company also plans to focus on Karnataka for its investments with a plan to add another Rs 4,000 crore over the next five years, said a company release. The investments are expected to create new direct and indirect opportunities for employment for up to 10,000 people in the State over the next five years. Proposed projects include about Rs 900 crore in aviation, Rs 400 crore in hospitality and medical tourism, Rs 150 crore entertainment hub - covering television, radio, publishing and cinema production, a Rs 100-crore technology park for its two technology ventures Tayana Software and Jupiter Strategic Technologies, the release said. In addition Hindustan Infrastructure, a divison of Jupiter Capital proposes to set up a 1000-MW, Rs 4000-crore coastal power project in public-private partnership with the State. The project is slated for development in Tamil Nadu.
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