Mega investment proposals from US companies in state

From Our Special Correspondent

Daijiworld Media Network

Bengaluru, Oct 3: In a mega investment proposal, the US-based Krypton Solutions company is likely to invest $100 million to establish a printed circuit board fabrication unit in Chamarajanagar in Mysuru district.

Large and Medium Industries Minister M B Patil, who is in the US to attract investments in Karnataka from multi-national companies, has already held discussions with US giant Texas Instruments' top executives, who have affirmed their commitment to R&D expansion plans in the State.
ERP Logic has also agreed to explore potential collaborations for SAP skilling initiatives in Karnataka, the minister said.

The minister said both Texas-based companies are part of the Electronics System Design and Manufacturing (ESDM) industry and have a sizeable presence in Karnataka.

While Krypton Solutions is likely to invest $100 million (Rs 832 crore) to set up a Printed Circuit Board (PCB) fabrication unit, Texas Instruments has affirmed its commitment to R&D expansion in the state during the meeting.

Texas Instruments was the first technology company to set up an R&D centre in Bengaluru in 1985. The company’s R&D centre in the city is the largest outside of the Texas Instruments’ headquarters in Dallas.

Senior Vice President and General Manager Amichai Ron and Stephen Bonner, Vice President and head of Global Government Relations of the Dallas-headquartered company were in discussion with the Minister, who is accompanied by senior officials of the Department of Commerce and Industries.

The meeting with Texas Instruments also discussed Research and Development for Analog and Embedded Semiconductors, with a potential exploration in the Whitefield semiconductor park.

Discussions also focused on improving the ease of doing business to lower investment barriers.
Krypton Solutions, which plans to invest in Bommasandra for a new PCB facility in Karnataka, has already completed preliminary discussions with the government.

The company’s discussion with the delegation also explored investment options in Mysuru and Chamarajnagar in Karnataka.
Krypton's interest in local partnerships, seeking support to identify the right entry and growth partner in the Indian market, was also tabled at the meeting.

The government delegation toured Krypton’s 40,000 sq feet facility. At Texas Instruments, they visited the 300-mm wafer fab manufacturing site.
The meeting with both companies is part of the government’s 12-day tour to the United States of America to attract investment into the state. The tour is scheduled to conclude on October 6.

Dr S Selvakumar, Principal Secretary to Government, Department of Commerce and Industries, and Gunjan Krishna, Commissioner of Industries, are accompanying the minister.

The Minister held discussions with Texas-based ERP Logic, which is looking to enter Bengaluru to expand its footprint in India after having a strong presence in Salem, Hyderabad, and Chennai.

The two sides discussed exploring potential collaborations for SAP skilling initiatives in Karnataka.






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