Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar


Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Honorable Minister for Large & Medium Industries & Infrastructure Development, Government of Karnataka Shri M.B. Patil held meetings with Texas Instruments, Krypton Solutions, and ERP Logic (ERPL) for increased investments in the state on Monday.

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.

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

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 Minister Shri Patil 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 Chamrajnagar 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, and 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 Smt 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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