Mahindra Group plans to invest nearly Rs 40,000 cr in Karnataka

NT Correspondent

Bengaluru: Mahindra Group Chairman Anand Mahindra on Tuesday announced that the group plans to invest nearly Rs 40,000 crore in Karnataka over the next few years. Speaking at the inaugural session of the Invest Karnataka-2025 summit, he said the Mahindra Group has no hesitation in investing in long-term businesses such as renewable energy, aerospace, hospitality, and real estate in Karnataka.

"It gives me great pleasure to state here today that the Mahindra Group is planning close to Rs 40,000 crore of investment in Karnataka in the coming years," Anand Mahindra said. He noted that Karnataka plays a vital role in the group's renewable energy portfolio. Mahindra Susten intends to invest Rs 35,000 crore to develop over five gigawatts of solar and hybrid projects over the next five years, generating 6,000-8,000 jobs. Mahindra Holidays already operates several resorts in Karnataka and is evaluating further expansion into areas like Gokarna and Hampi.

Anand Mahindra said, "We intend to invest an additional Rs 1,000 crore and are in discussions with government officials. I look forward to their support, particularly regarding land aggregation." He also stated that Mahindra Defence Services and Mahindra Aerospace are exploring strategic expansion opportunities.