25-Nov-2024 11:49 PM
6585
Chennai, Nov 25 (Reporter) A high level delegation from Karnataka led by its
Minister for Large and Medium Industries M.B. Patil on Monday met several
industry leaders to explore investment opportunities in various sectors.
According to a release, Mr Patil concluded a series of impactful meetings
with industry leaders during his visit to the city as part of a road show held
by the Karnataka government.
These discussions were aimed at exploring investment opportunities, foster
strategic partnerships, and strengthen Karnataka’s position as a hub for
innovation-driven industries.
Key industry participants included senior representatives from companies
such as Swelect, Visteon, MacDermid Alpha, Syrma SGS, Salcomp,
Amphenol, Nokia, Tube Investments of India Limited, EID Parry, TAFE,
Rane Group, Sanmar Group, Ashok Leyland and Wheels India Limited.
The meetings focused on fostering investment and expansion opportunities
in Karnataka and invited them to take part in the upcoming "Invest Karnataka
2025 Global Investors's Meet."
The key discussion areas centred on Electronics System Design and
Manufacturing (ESDM), Pharma and Chemicals, Electric Vehicles (EVs),
Automotive and Aerospace and Talent Retention and Social Infrastructure.
The release said leaders from the ESDM sector emphasized the need for
creating a robust ecosystem in Karnataka, focusing on PCB manufacturing
and display technologies.
The Karnataka government highlighted the ongoing development of the
Kochenahalli ESDM cluster in Mysuru as an ideal location for investments.
Skill development initiatives tailored to the sector’s needs were also
discussed to support its rapid expansion.
Tube Investments and Sanmar Group shared plans to expand operations in
high-growth sectors such as pharmaceuticals and chemicals.
Karnataka’s proposed pharma cluster near Bengaluru, equipped with centralized
Effluent Treatment Plants (ETPs), was presented as a significant opportunity for
these industries.
It had discussions with Ashok Leyland focused on investments in EV manufacturing,
including battery production and alternative fuel R and D. Karnataka’s EV-friendly
policies and infrastructure support were highlighted as enablers for the company’s
ambitious growth plans.
Companies such as TAFE and Sanmar Group emphasized the need for innovation
-driven collaboration in the automotive and aerospace sectors.
The Karnataka government proposed strategic locations, including Dharwad and
Adhinarayanahosahalli, for expansions in these industries, citing logistical and
operational advantages.
Several leaders also underscored the importance of creating conducive environments
for talent retention. Suggestions included developing industrial townships with robust
social amenities such as schools and hospitals to attract and sustain a skilled workforce.
The meetings reaffirmed Karnataka’s commitment to providing tailored support to industries,
including assistance with ideation, approvals, and infrastructure readiness.
Companies such as Rane Group and Wheels India expressed strong interest in expanding
their operations in Karnataka, with Rane proposing a substantial investment of over
Rs 1,000 crore.
The roadshow in Chennai not only strengthened Karnataka’s industrial partnerships, but
also paved the way for meaningful collaborations at Invest Karnataka 2025.
The government’s efforts are poised to drive sustainable development and position
Karnataka as a leader in India’s economic growth trajectory...////...