Bengaluru: US-based Triton Solar would set up a $100-million (Rs.670 crore) plant in Karnataka to manufacture nanotech-powered solar panels for the renewable energy sector, an official statement said on Thursday.
An agreement to set up the hi-tech facility was signed by Triton’s Indian-born chief executive Himanshu B. Patel and state’s Additional Chief Secretary Ratna Prabha in New York last week.
Prabha was in the US along with state Industries Minister R.V. Deshpande on a roadshow to woo American investors and enterprises to the ensuing ‘Invest Karnataka 2016’ event on February 3-5, 2016 in Bengaluru.
“Triton will ‘make in Karnataka’ solar panels for the world and its investment will generate 250 direct jobs and many more indirect jobs,” Deshpande said in the statement here.
The New Jersey-headquartered Triton makes printed solar panels, lighting and batteries using nanotechnology.
The statement, however, did not disclose the proposed plant’s location and other specifics.
“I am confident of producing world-class solar products from Karnataka,” the statement said quoting Patel.
Patel, who founded Triton, also lauded the state government for facilitating its investment and supporting its foray into the southern state.
Using nanotechnology, Triton also makesAprintable batteries, printable lighting and printable solar panels.
The BJP was on Tuesday set to return to power in its southern bastion Karnataka as its candidates crossed the half-way mark in vote count, stunning and ousting the ruling Congress and leaving the JD-S at the third spot.
Noisy celebrations broke out in party offices in Bengaluru, New Delhi and across Karnataka as Bharatiya Janata Party nominees were on the victory lap in 118 of the 222 constituencies which voted on Saturday.
This was a dramatic jump from the 40 seats the BJP won five years ago.
The Congress, desperate to retain power in the state amid shrinking appeal nationally, suffered major blows and was ahead only in 62 seats, with Chief Minister Siddaramaiah trailing in both the constituencies he contested: Badami and Chamundeshwari.
The Congress leader was way behind G.T Deve Gowda of the Janata Dal-Secular in Chamundeshwari, Election Commission officials said. And after leading initially, Siddaramaiah fell behind B.R. Sriramulu of the BJP in Badami.
In contrast, the BJP’s Chief Ministerial face B.S. Yeddyurappa was ahead of his Congress rival by more than 11,000 votes in Shikaripura.
Energy Minister and Congress leader D.K. Shivakumar said that the numbers indicated that his party was on the way out after five years in power.
Any party or grouping will need 113 of the total 224 seats to secure a majority in the Assembly. Polling did not take place in two constituencies on Saturday.
The BJP was overjoyed. “We are in a jubilant mood because we have crossed the half-way mark. We are confident of winning,” spokesman S. Shantharam told IANS.
BJP activists and leaders celebrated noisily in both Bengaluru and New Delhi, waving party flags and shouting slogans hailing Prime Minister Narendra Modi, their main vote-getter, and party President Amit Shah.
There were also celebrations outside the residence of Yeddyurappa, who has been Chief Minister earlier too.
The Janata Dal-Secular of former Prime Minister H.D. Dewe Gowda, which has been expected to play the role of a kingmaker in the event of a hung Assembly, was leading in 40 seats — the same number it won five years ago.
As the vote count progressed, BJP leaders became assertive, saying they were confident of taking power again in Karnataka while Congress leaders began to speak about the possibility of an alliance with the JD-S.
BJP leader and Union Minister Sadanand Gowda said that there was no question of any alliance.
Union minister Prakash Javadekar, who is in charge of Karnataka, met BJP President Amit Shah in New Delhi.
Analysts said the BJP was leading in Lingayat dominated seats and the JD-S in Vokkaliga dominated areas.
Expectations of a BJP victory in Karnataka lifted the key Indian equity indices during the mid-morning trade session on Tuesday.