Nirani Sugars signed a Memorandum of Understanding with the Karnataka government to establish a state-of-the-art Polylactic Acid manufacturing facility in Bagalkot.

The project with a proposed investment of approximately Rs 2,000 crore is set to be developed over the next three to five years generating 600–800 direct employment opportunities in the region.   

According to the company, the Karnataka government will facilitate Nirani Sugars in obtaining the necessary approvals, permissions, and incentives as per prevailing policies, ensuring a smooth and timely execution of the project.    

"With this investment, Karnataka will become one of the leading states in India to venture into this promising sector. By leveraging its strengths in innovation, agricultural resources, and sustainability, Karnataka can address critical challenges such as plastic waste management, resource scarcity, and the growing demand for environmentally responsible alternatives," the company said, in a statement.    

The MoU was signed at the Karnataka Global Investors Meet.