JSW Cement Expands Capacity by 2 Million Tons at Vijayanagar Facility
Karnataka News
In a significant move to enhance its production capabilities, JSW Cement announced the commissioning of an additional 2 million tonnes per annum (MTPA) at its Vijayanagar facility in Karnataka. This expansion raises the total capacity of the plant to 6 MTPA and comes with an investment of ₹461 crore. As a result, JSW Cement’s overall installed grinding capacity now stands at 20.6 MTPA.
The company has ambitious plans to further grow its grinding capacity to 40.85 MTPA in the near future. To achieve this goal, JSW Cement intends to pursue both greenfield and brownfield projects across various regions in India. Proposed expansions are slated for states including Rajasthan, Punjab, Madhya Pradesh, and Uttar Pradesh, highlighting the company’s commitment to strengthening its presence in the northern and central markets.
“This new capacity at Vijayanagar is a significant step towards increasing our overall capacity to 40.85 MTPA while maintaining our commitment to sustainability…As we keep expanding, our focus will remain on innovative and sustainable manufacturing practices that support the global shift towards a circular economy,” JSW Cement CEO Nilesh Narwekar said.
This expansion not only signifies JSW Cement’s growth trajectory but also reflects its strategic approach to meet the rising demand for cement in the country. With ongoing investments, the company aims to solidify its position as a key player in the Indian cement industry.
Summary
JSW Cement has enhanced its Vijayanagar plant’s capacity by an additional 2 million tonnes per annum, raising its total to 6 MTPA and increasing its overall grinding capacity to 20.6 MTPA. This ₹461 crore expansion aligns with the company’s ambitious objective of achieving a total capacity of 40.85 MTPA through both new projects and upgrades across India.
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Karnataka Launches GCC Policy, Targets $50 Billion Economic Output by 2029
The Karnataka government unveiled a draft Global Capacity Centres (GCC) policy on Friday, aiming to generate USD 50 billion in economic output by 2029 and attract 500 new GCCs to the state. This initiative is expected to create 3.5 lakh new jobs. The policy focuses on fostering investor confidence, promoting collaboration with Karnataka’s vibrant innovation ecosystem, and positioning the state as a global hub for AI research and development. The move is seen as a strategic effort to enhance Karnataka’s leadership in the technology and innovation sectors.
Developed through extensive industry research and consultations with stakeholders, the policy integrates insights from over 500 discussions with experts and leaders in the field. This collaborative effort has produced a comprehensive framework that sets bold targets for growth, collaboration, and incentive-driven development.
During the event, Priyank Kharge, the Minister for Information Technology and Biotechnology, addressed the audience, “Today, we proudly launch India’s first dedicated policy for Global Capability Centres (GCCs), reaffirming Karnataka’s position as the top destination for innovation and business transformation. GCCs have evolved from back-office operations to becoming critical drivers of global strategic initiatives, R&D, and technology solutions.”
He highlighted that Global Capacity Centres (GCCs), with a workforce exceeding 1.2 million and contributing USD 22.2 billion to Karnataka’s economy, have played a crucial role in driving both employment and economic growth within the state.
“Through this policy, we expect the GCC sector to grow at a compound annual rate of 12-14 per cent over the next decade and foresee Karnataka holding nearly 50 per cent of the National GCC market share by 2029. We are committed to creating an ecosystem that fosters innovation, supports R&D, and nurtures top talent, ensuring Karnataka remains the most attractive destination for GCCs globally,” Kharge said.
The draft policy has been opened for public review, with the government inviting feedback from all stakeholders to help further refine and enhance its provisions.
Ekroop Caur, Secretary to the Government of Karnataka’s Department of Electronics, IT, BT, and S&T, provided an in-depth overview of the draft GCC policy. She highlighted its objectives, vision, and overarching goals, stressing the ambition to extend the Global Capability Centre (GCC) ecosystem beyond Bengaluru. The policy includes the ‘Beyond Bengaluru Package,’ which is designed to attract investments and drive development across the state, fostering innovation and economic growth in multiple regions.
“Our target is to establish 500 new GCCs by 2029, which will create 3.5 lakh new jobs and generate an economic output of USD 50 billion,” she said.
Officials have outlined a major component of the new policy: the creation of Global Innovation Districts. These will include three advanced technology parks, with one located in Bengaluru and two in growing regions beyond the city. The parks are designed with cutting-edge infrastructure to promote collaboration between startups, tech companies, and academic institutions. Additionally, key investors in these districts will benefit from special incentives, while large-scale projects will be eligible for customized support packages, further enhancing development opportunities in these areas.