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Bengaluru : The Karnataka government on Thursday signed Memoranda of Understanding (MoUs) with 50 companies approving their investment proposals worth Rs 5.64 lakh crore on the first day of the Global Investors’ Meet in Bengaluru.

The highest investment proposal in terms of capital outlay came in the green hydrogen and renewable energy sectors.

According to the organisers of the three-day investors summit, the state signed MoUs with seven companies in the area of green hydrogen and its derivatives to the tune of Rs 2.91 lakh crore, while it entered into an agreement with nine companies in the area of renewable energy to the tune of Rs 1.29 lakh crore.