Epiroc to Expand in Karnataka: Rs 1500 Cr Investment Planned

Bengaluru, Jun 20 (PTI) Karnataka Minister for Large and Medium Industries and Infrastructure Development, M B Patil, has held a key meeting with Swedish firm Epiroc to explore expansion opportunities in the state during a roadshow in Sweden, officials said here on Friday.

This is being done as part of Karnataka's efforts to attract global investment and reinforce its position as a hub for advanced manufacturing, innovation, and research, they said.

In a statement, the Minister's office said that Patil met with Arun Kumar, head of Epiroc's India operations, who shared the company's long-term vision and outlined investment plans, including Rs 500 crore capital investment this year and an additional Rs 1,000 crore by 2030 in India, they said.

"M B Patil presented Karnataka's industrial strengths, talent pool, and enabling ecosystem, positioning the state as an ideal destination for Epiroc's future manufacturing expansion in addition to its existing R&D operations. Epiroc's R&D facility in Bangalore has over 500 employees contributing to 25 per cent of Epiroc's global R&D output," it added.