Bengaluru, Sept 15 (KNN) Karnataka Chief Minister Basavaraj Bommai on Thursday said that the state will soon start producing hydrogen fuel.

Speaking at the inaugural function of the Indian Manufacturing Show-2022, Bommai, said that the state government has signed memorandum of understanding worth Rs 1.3 lakh crore in the renewable energy space.

We are doing extensive work in the field of renewable energy. We will soon start producing hydrogen fuel. We have signed Rs 1.3 lakh crore worth MoUs in renewable energy," Bommai said.

As per reports, the Karnataka government is aiming to set up industries all along the Karnataka stretch of the Mumbai-Chennai corridor and renewable energy along the seashore.

"There will be production of biofuel, solar, and hydrogen. We are going to produce ammonia from sea (water). It's an essential part of our agenda," he said.

Speaking about the role of the government in assisting entrepreneurs, the chief minister said that the state government recognises the entrepreneurship, research and development, skills and capital of the industrialists and helps them in whichever way it can.

“In this regard, the state has taken steps to offer the PLI (production linked incentives) to the industries,” he added.

Talking about the progress being made in the defence sector, Bommai said earlier 90 per cent of the defence equipment were imported right from raincoat, daily use materials for the soldiers and also coffins.

"Now 60 per cent of the defence requirement is produced in India by the Indians. To make this possible, a strong R&D is required, which we have started achieving. We will achieve 90 per cent manufacturing of defence equipment in the coming days," the Chief Minister added.

The chief minister urged the industry to participate in the upcoming Global Investors' Meet (GIM) from November 2-4.  (KNN Bureau)