Saturday, Feb 13 2021 | Time 20:46 Hrs(IST)
image
  • 7 1 magnitude quake hits off Japan's Fukushima Prefecture
  • Covid-19: 7 new cases detected in Kolhapur
  • First part of Budget session highly productive: Om Birla
  • Tesla to set up electric car manufacturing unit in Karnataka
  • Anything above 350 on Chepauk track will be challenging for England: Rahane
  • Anything above 350 on Chepauk track will be challenging for England: Rahane
  • Huge optical flares seen in one of the oldest astronomic objects
  • IT Park to come up on 100 acre area in Kolhapur: Desai
  • Yet to start full passenger trains: Railways
  • Andaman Kick Starts second phase of the COVID19 vaccination
  • Chennai- Howrah Mail special guard averts a major disaster
  • CM lays foundation stone of IBMA at Daultabad in Gurugram
  • Huge optical flares seen in one of the oldest astronomic objects
  • HP: 25 stamped ballot favouring a candidate recovered
Business EconomyPosted at: Feb 13 2021 8:04PM


Tesla to set up electric car manufacturing unit in Karnataka

Bengaluru, Feb 13 (UNI) Karnataka Chief Minister BS Yediyurappa on Saturday said that billionaire Elon Musk-led Tesla will set up its electric car manufacturing unit in the state as he listed out at least nine benefits promised in the Union Budget.
American firm Tesla will open its electric car manufacturing unit in Karnataka,” Yediyurappa said in a statement. The reference to Tesla came immediately after he said an industrial corridor is coming up at Tumakuru at a cost of Rs 7,725 crore that would generate 2.8 lakh jobs.
Last month, Tesla registered its subsidiary Tesla India Motors and Energy Private Ltd in Bengaluru. Yediyurappa had then tweeted that the electric car giant would open its R&D unit in Bengaluru.
Yediyurappa, Home Minister Basavaraj Bommai and Housing Minister V Somanna separately lauded the Union Budget and all of them listed out what it offered Karnataka. This, after the administration, is said to have spent the past couple of days reading through the fine print of the Union Budget.
According to Yediyurappa, Karnataka will get Rs 10.904 crore for 33 national highway projects spanning 1,197 km. In north Karnataka, 13 highway projects worth Rs 21,000 crore have been cleared in 2021-22. The State will get basic infrastructure updates worth Rs 1.16 lakh crore.
Bengaluru alone has received Rs 14,788 crore for Phase 2 of the Namma Metro project and Rs 23,093 crore for the suburban rail. For other railway projects, the state will get Rs 4,870 crore.
While the Kochi-Mangalore gas pipeline has been launched, Yediyurappa said the tunnel project at Shiradi Ghat connecting Bengaluru and Mangaluru had been approved. He said Rs 10,000 crore was released for the 13-km tunnel.
“This is a historic budget,” Yediyurappa said. "It will complement farm output increase, creation of infrastructure and improvement of the health sector," he said, adding that the Union Budget would help "comprehensive" development of the country.
UNI BSP MSP RHK2004
Tags: #Tesla to set up electric car manufacturing unit in Karnataka
More News

Amara Raja Batteries Q3 PBT up 20 pc at Rs 259 90 cr

13 Feb 2021 | 8:10 PM

Hyderabad, Feb 13 (UNI) Amara Raja Batteries Limited (ARBL), a leading Industrial and Automotive Battery major, on Friday reported a 20 per cent in profit before Tax (PBT) at Rs 259.90 crores for the quarter ended on December 31, 2020, as against Rs 217.36 crore in the corresponding period the previous year.

see more..

Tesla to set up electric car manufacturing unit in Karnataka

13 Feb 2021 | 8:04 PM

Bengaluru, Feb 13 (UNI) Karnataka Chief Minister BS Yediyurappa on Saturday said that billionaire Elon Musk-led Tesla will set up its electric car manufacturing unit in the state as he listed out at least nine benefits promised in the Union Budget.

see more..

MSDE launches novel initiatives under SANKALP to DSC & promote inclusive growth

13 Feb 2021 | 7:49 PM

Bengaluru, Feb 13 (UNI) In a bid to strengthen the district skill administration and District Skill Committees (DSCs), the Ministry of Skill Development and Entrepreneurship (MSDE) today announced the national rollout of Mahatma Gandhi National Fellowship (MGNF) Programme under World Bank loan assisted programme SANKALP (Skills Acquisition and Knowledge Awareness for Livelihood Promotion) to further strengthen the district skill administration and the District Skill Committees (DSCs).

see more..

Kirloskar Brothers’ Q3 net profit shoots up by nearly 175 per cent

13 Feb 2021 | 7:11 PM

Pune, Feb 13 (UNI) Kirloskar Brothers Ltd (KBL), one of the leading pumps manufacturers and fluid management solutions providers in India, announced on Saturday that its net profit for the third quarter for the financial year 2020-21 (FY21) has shot up by 174 per cent on the backdrop of a huge growth in its overseas business.

see more..

Entrepreneurs are the real patriots as they contribute in strengthening of nations economy says thought-leader Shaurya Doval

13 Feb 2021 | 5:16 PM

CHANDIGARH, India, Feb 13, 2021 /PRNewswire/ - "It took seventy years for India to become a $1 trillion economy while it doubled to $2 trillion in just seven years.

see more..
image