Krones to Invest Rs 315 Cr in Karnataka Plant, Create 550 Jobs

Kolar (Karnataka), Feb 20 (PTI) German-based packaging and bottling machine manufacturer Krones has begun setting up its Rs 315 crore bottling machine manufacturing plant in Vemagal, Kolar district.

The groundbreaking ceremony was held on Thursday by Karnataka's Minister for Large and Medium Industries, M B Patil.

This project is part of the Rs 10.27 lakh crore investment proposals signed during the recently concluded Global Investors Meet (GIM)–Invest Karnataka 2025, according to a release from the Minister's office.

Patil emphasised that the government's focus is on realising investment projects, and Krones' decision to set up its plant is a testament to this commitment, the release said.

Ahead of GIM, Patil led a delegation to Germany in December last year, where he held discussions with Krones representatives and signed a preliminary Memorandum of Understanding at the company's headquarters in Neutraubling.

The upcoming Rs 315 crore plant is expected to generate 550 jobs.

Speaking at the event, Patil highlighted that the Vemagal plant would significantly enhance Krones' bottling machine manufacturing capacity.

He also urged the company to support the families of farmers who lost their land for the project by providing jobs and allocating Corporate Social Responsibility funds for local development.