Bengaluru: Large and Medium Industries Minister M.B. Patil said that the state government is working on setting up a policy that would attract investments in the green sector, reported The Hindu. He said that there is a need for collaboration between the state’s Large and Medium Industries and Energy departments to achieve Karnataka’s green energy goals.
During a meeting with the State’s Vision Group for Green Energy, Patil announced plans for an upcoming discussion with Energy Minister K.J. George, industry leaders, and potential investors to map out the state’s strategy in this sector. “Experts have provided insights on various aspects, including demand, favourable policies, and incentive measures. The government is clear in its intent to facilitate the growth of this sector,” Patil said.
Kishor Nair, CEO of Avaada Energy, highlighted his company’s recent agreement with the government for green hydrogen production. Nair explained that the right policies and incentives would allow Karnataka to also focus on the production of electrolytes and batteries. He added that the state’s large sugarcane cultivation could make it a key player in green methanol and hydrogen production, similar to policies already in place in Maharashtra and Rajasthan.
Patil further noted that experts suggested a location within a 20-km radius of Mangaluru port as ideal for green ammonia and hydrogen production. He stated that these initiatives if implemented, would significantly boost Karnataka’s green energy output.
