Nirani Sugars to Build Rs 2,000 Cr Chemical Plant in Karnataka

New Delhi, Feb 12 (PTI) Nirani Sugars on Wednesday said it has signed an agreement with the Karnataka government for setting up a Polylactic Acid manufacturing facility in Bagalkot with an investment of Rs 2,000 crore.

The project, which will be developed in the next 3-5 years, aims to generate 600-800 direct employment opportunities in the region, the company said in a statement.

Nirani Sugars Director Vishal Nirani said, "We are excited to partner with the Government of Karnataka to bring cutting-edge PLA manufacturing to Bagalkot, reinforcing the state's position as a leader in sustainable industrial growth."

The Karnataka government will facilitate Nirani Sugars in obtaining the necessary approvals, permissions, and incentives as per prevailing policies, ensuring a smooth and time-bound execution of the project, the statement said.

Polylactic Acid, a biodegradable and sustainable polymer derived from renewable resources, is a crucial step towards eco-friendly alternatives in packaging, textiles, and various industrial applications.