The Karnataka State Bioenergy Development Board (KSBD) has entered into a Letter of Intent (LOI) with Hamburg Invest, a German financial institution. This agreement will see a significant investment of ₹1,000 crore channeled into bioenergy initiatives across the state. The investment aims to promote sustainable energy production and diversification within Karnataka’s bioenergy sector. The collaboration signifies a commitment to bolstering the state’s renewable energy resources.