Jupiter Capital to invest Rs 2,000 cr in K'taka

Bangalore, Oct 30 (UNI) Jupiter Capital, a venture development, management and investment company founded by Rajya Sabha member Rajeev Chandrashekhar, will invest Rs 2,000 crore in Karnataka over the next one year.

In a release here, the company said Jupiter Capital would make the investment in diverse projects, including Rs 900 crore in aviation, Rs 400 in hospitality and medical tourism, Rs 150 crore in entertainment hub, covering television, radio, publishing and cinema production, a Rs 100 crore technology park for its two technology ventures -- Tayana Softrwre and Jupiter Strategic Technologies. The investment was expected to generate both direct and indirect employment opportunities to 10,000 people in the State, it added.

Besides, Mr Chandrasekhar's infrastructure company Hindustan Infrastructure proposed to build a 1,000 MW Rs 4,000 crore coastal power project in public-private partnership with Karnataka and Tamil Nadu Governments. The investment would be made over the next five years.

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