RPSG Group Commits INR 10,500 Crore Investment in Renewables in Karnataka
The RP-Sanjiv Goenka Group has committed around INR 10,500 crore investment over the next three years in the renewable energy sector in Vijayapura and Ballari district of Karnataka.
January 29, 2026. By Mrinmoy Dey
The commitment was discussed during a meeting with Shashwat Goenka, Vice-Chairman, RPSG Group, on the sidelines of the World Economic Forum in Davos, the Minister said.
“During our conversation, we addressed the key policy instruments, incentives, and institutional support required to accelerate the execution of these projects,” he said.
The Karnataka government reaffirmed its full policy and facilitation support for the proposed investments. “We reiterated our government’s full commitment to providing policy and facilitation support, while also encouraging the group to explore emerging opportunities in solar module and cell manufacturing within the state,” Patil said.
The proposed investments are expected to significantly strengthen Karnataka’s renewable energy ecosystem, reinforce its position as a clean energy hub.
RPSG Group also signed an MoU worth INR 3,805 crore with the Uttar Pradesh government for the establishment of a solar module manufacturing plant in the state.
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