In a bid to increase foreign investment in the state, M.B. Patil, Minister for Large & Medium Industries & Infrastructure Development in Karnataka Government, on Monday held a meeting with U.S Based Texas Instruments, Krypton Solution, and ERP Logic (ERPL) to discuss potential investments in the state’s burgeoning Electronics System Design and Manufacturing (ESDM) sector.
During the meeting, Krypton Solutions expressed its intent to invest approximately $100 million (Rs 832 crore) in establishing a Printed Circuit Board (PCB) fabrication unit in the state. While Texas Instruments reaffirmed its commitment to expanding its research and development (R&D) efforts in Karnataka.
Texas Instruments holds the distinction of being the first technology company to establish an R&D center in Bengaluru back in 1985, which remains the largest outside the company’s headquarters in Dallas.
Senior Vice President and General Manager Amichai Ron, along with Stephen Bonner, Vice President and Head of Global Government Relations, engaged in discussions with Minister Patil and senior officials from the Department of Commerce and Industries.
The meeting revolved around the R&D activities related to Analog and Embedded Semiconductors, with potential exploration in the Whitefield semiconductor park.
According to the development, Krypton Solutions is focusing on its plans to invest in a new PCB facility in Bommasandra, Karnataka, and has already initiated preliminary discussions with the government. The company is also exploring investment options in Mysuru and Chamrajnagar within Karnataka.
Krypton’s interest in forging local partnerships to identify the right entry and growth opportunities in the Indian market was a key topic at the meeting.
As part of their visit, the government delegation toured Krypton’s 40,000 sq feet facility and also visited the 300-mm wafer fab manufacturing site at Texas Instruments.
This series of meetings is part of the Karnataka government’s 12-day tour to the United States, aimed at attracting investment into the state. The tour is scheduled to conclude on October 6, with Dr. S. Selvakumar, Principal Secretary to the Government, Department of Commerce and Industries, and Smt. Gunjan Krishna, Commissioner of Industries, accompanied Minister Patil throughout the visit.
In addition to discussions with Texas Instruments and Krypton Solutions, Minister Patil also engaged with Texas-based ERP Logic. The company expressed its intention to enter Bengaluru to expand its presence in India after establishing strong operations in Salem, Hyderabad, and Chennai. The talks centered on potential collaborations for SAP skilling initiatives in Karnataka.