Nidec Industrial Automation India Private Limited, a subsidiary of Nidec Corporation, is nearing completion of its new manufacturing campus in Hubli-Dharwad, Karnataka. The facility, which broke ground in September 2023, is expected to be completed by October 2025. The company has allocated an investment of approximately Rs 450 crore ($55 million) for the project. The […]
Facility to be completed by September 2025 South Korea-based camera module inspection equipment supplier HyVision System conducted the ground breaking ceremony for its new facility near Foxconn’s facility in Devanahalli, Bengaluru. HyVision is investing INR 40 Cr to set up a camera inspection machine plant near the Foxconn unit in Devanahalli. The ceremony was conducted […]
Tata Advanced Systems Limited (TASL) is expanding its operations in Karnataka with plans to set up a maintenance, repair, and overhaul (MRO) facility for the Indian Air Force’s Lockheed Martin C-130J transport aircraft. The company stated that this facility will contribute to India’s aerospace and defence sector by providing in-country maintenance capabilities for the aircraft. […]
TVS Motor Company has announced plans to invest ₹2,000 crore in Karnataka over the next five years, focusing on production expansion and the establishment of a global capability centre in Mysuru. According to a press release issued by the company, the investment agreement was signed with the Karnataka government as part of the Global Investors […]
Epsilon Group has signed a memorandum of understanding with the Karnataka government to invest Rs. 15,350 crore in manufacturing facilities for electric vehicle (EV) battery materials and testing. The investment, planned over a 10-year period, includes Rs. 9,000 crore for a graphite anode plant, Rs. 6,000 crore for a lithium iron phosphate cathode facility, and […]
Toyota Kirloskar Motor (TKM) is increasing its manufacturing capacity in Karnataka with the establishment of a third plant, adding an annual production capability of 100,000 units and generating 2,000 new jobs. The investment, announced in November 2023, is part of TKM’s broader expansion in the state, where it has operated for over 25 years. The […]
Mahindra Group has announced plans to invest Rs 40,000 crore in Karnataka, with a focus on renewable energy, electric mobility, real estate, aerospace, and tourism. The announcement was made at the Invest Karnataka 2025 summit. A major portion of the investment, Rs 35,000 crore, will be directed towards renewable energy projects. Mahindra Susten, the group’s […]
Volvo Group has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 1,400 crore in expanding its manufacturing operations in Hosakote, Bengaluru. The investment aims to establish the company’s fourth international manufacturing hub in India. The agreement was signed in the presence of Karnataka’s Large and Medium Industries Minister MB […]
Daiki-Axis India has signed a Memorandum of Understanding (MoU) to set up its third manufacturing facility in Karnataka’s Japanese Industrial Township. The expansion involves an investment of over ₹100 crore. The new facility will focus on the production of decentralized packaged sewage treatment plants (STPs) utilizing Johkasou technology. The company aims to enhance its wastewater […]
Baldota Group has announced plans to invest Rs 54,000 crore in establishing an integrated steel plant in Koppal taluk, Karnataka. The plant, which will operate under Baldota Steel and Power Limited, will have a production capacity of 10.50 million tons per annum. According to a press statement by Rahul Kumar N Baldota, joint managing director […]
