Minister MB Patil Courts Investments from Industry Leaders

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Minister MB Patil Courts Investments from Industry Leaders

Mangaluru: In a push to position Karnataka as a premier hub for innovation-driven industries, Large and Medium Industries Minister MB Patil met with prominent industry leaders in Chennai on Monday. The meetings, aimed at fostering investments and partnerships, also served as a platform to promote the upcoming Invest Karnataka 2025 Global Investors’ Meet.Patil engaged with senior executives from companies such as Swelect, Visteon, MacDermid Alpha, Syrma SGS, Salcomp, Amphenol, Nokia, Tube Investments of India, EID Parry, TAFE, Rane Group, Sanmar Group, Ashok Leyland, and Wheels India Limited. Discussions spanned sectors including electronics, pharmaceuticals, chemicals, automotive, and electric vehicles (EVs).Key highlights included proposals for a robust Electronics System Design and Manufacturing (ESDM) ecosystem, with a focus on PCB manufacturing and display technologies. The Kochenahalli ESDM cluster in Mysuru was pitched as an ideal location for such investments, with skill development initiatives to support industry growth.Ashok Leyland shared its plans for EV manufacturing, including battery production and research on alternative fuels, citing Karnataka’s EV-friendly policies as a growth catalyst.Pharma and chemical giants like Tube Investments and Sanmar Group expressed interest in expanding operations, with the proposed pharma cluster near Bengaluru featuring centralized Effluent Treatment Plants (ETPs) as a key draw.The automotive and aerospace sectors also took center stage, with TAFE and Sanmar Group exploring innovation-driven collaborations. Dharwad and Adhinarayanahosahalli were proposed as strategic locations, offering logistical advantages for expansion.Leaders emphasized the importance of industrial townships equipped with social infrastructure such as schools and hospitals to attract skilled talent. Rane Group proposed an investment exceeding ₹1,000 crore, while Wheels India expressed strong interest in expanding its presence in Karnataka.Patil was accompanied by Selvakumar S, Principal Secretary of the Department of Commerce and Industries, and Gunjan Krishna, Commissioner for Industrial Development. The meetings reflect Karnataka’s ongoing efforts to attract major investments and drive economic growth through strategic partnerships.



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