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Swedish firm Epiroc targets Karnataka investment growth

Karnataka Minister MB Patil met Swedish firm Epiroc in Sweden to discuss a Rs 1,500 crore expansion plan. Patil pitched Karnataka as a manufacturing hub; Epiroc’s Bengaluru R&D already drives 25 per cent of its global research.

PTI

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  • Epiroc

Bengaluru, 20 JUNE

 

Karnataka’s Minister for Large and Medium Industries and Infrastructure Development, MB Patil, met with Swedish firm Epiroc during a roadshow in Sweden to discuss expansion plans in the State. The meeting is part of Karnataka’s efforts to attract global investment and bolster its reputation as a hub for advanced manufacturing and innovation.

Arun Kumar, head of Epiroc’s India operations, outlined the company’s long-term vision, including a capital investment of Rs 500 crore this year and a further Rs 1,000 crore by 2030.

Patil highlighted Karnataka’s industrial strengths, skilled workforce, and supportive ecosystem, positioning it as an ideal location for Epiroc’s manufacturing growth. Epiroc’s Bangalore R&D centre employs over 500 staff and accounts for 25 per cent of the company’s global research output.

 

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