Praxair India, a manufacturer of industrial gases and related products, will invest INR 2.1 billion over the next three years to establish liquid oxygen and nitrogen production units in Karnataka. The company signed a memorandum of understanding with the state government on 27 November as part of a wider industrial expansion initiative.
The investment is scheduled to begin in the current financial year. According to information shared by the Karnataka government, the project will receive support in areas such as land allocation, single-window clearances and infrastructure facilitation. The planned units are expected to contribute to the state’s supply of high-purity oxygen and nitrogen used across healthcare, metals, chemicals and other manufacturing sectors.
During an official visit to the United Kingdom, Karnataka representatives also held discussions with Helix Geospace, a developer of helical antenna technology for aerospace, defence and drone applications, and Oxford Space Systems, a manufacturer of satellite antennas. Oxford Space Systems has been asked to submit detailed requirements for potential investment opportunities in the state.
The visit additionally included talks with India’s High Commissioner to the United Kingdom on exploring industrial collaboration between Karnataka and UK-based firms, including the possibility of establishing a technology park in the proposed KWIN City.
Praxair India supplies industrial, medical and speciality gases to sectors including steel, chemicals, energy, pharmaceuticals and electronics.
