BENGALURU
Kirloskar Ferrous Industries is set to invest Rs 3,000 crore in Karnataka over the next three years, announced Minister for Large and Medium Industries MB Patil. The investment aims to strengthen regional industrial infrastructure, create employment, and drive inclusive growth.
During a roadshow with a high-level state delegation, Patil met over ten businessmen to discuss investment opportunities. Several companies, including Wipro Parry, Atlas Copco, Bell Rice Industries, Finolex, and Fluid Controls Limited, expressed interest in expanding or setting up operations in Karnataka. The government assured investors of support in land acquisition, infrastructure, and other facilities.
Kirloskar Ferrous Industries, already operating in Hiriyur, plans to upgrade its unit to produce sponge pipes, increase steel production capacity, enhance iron ore processing, and develop its foundry. With 99% of its workforce drawn from Kannadigas, the company contributes to local employment and regional development. Kirloskar has also donated 2% of profits to CSR initiatives over the last two decades, focusing on rural healthcare services.
Wipro Parry recently began work on an electronics copper laminate manufacturing unit at Adinarayana Hosahalli, near Doddaballapur, and plans to establish a smart robotics laboratory. Sweden-based Atlas Copco, after acquiring Bengaluru-based HHV Pumps, intends to expand its manufacturing activities in Karnataka.
Bell Rice Industries, prominent in aerospace and defense, already has units in Narasapura and Belur and seeks 25 acres in Mysuru for expansion. Finolex is expected to set up a PVC pipe and accessories manufacturing unit, while Fluid Controls Limited plans a Rs 90 crore investment requiring 5 acres of land. The state government has assured prompt facilitation for these projects.
This wave of investments reflects Karnataka’s commitment to fostering industrial growth, innovation, and job creation across the state.
