The announcement came during Karnataka’s large and medium industries minister, MB ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/patil” target=”_blank”>Patil’s roadshow in the Netherlands, organised to attract investments for the state ahead of its flagship event–Invest Karnataka 2025.
During a meeting with Maurice Geraets, the executive director of the company, Patil emphasized Karnataka’s pivotal role in advancing global R&D capabilities.
“Had a fruitful meeting with Mr Maurice Geraets, executive director at NXP, the third-largest European semiconductor manufacturing and design company. Maurice shared that a significant portion of NXP’s $1 billion investment in R&D will be directed towards our state over the next five years,” Patil wrote on X.
The roadshow also saw engagements with other global players. The minister’s conversation with senior executives of Phillips centered on the continued development of its Bengaluru Innovation Campus, which recently received a Rs 445 crore (€50 million) investment.
Patil urged Philips to establish a manufacturing facility in Karnataka. Signify, formerly Philips Lighting, highlighted its projects in the state meanwhile the state urged the company to invest in Karnataka under the China plus one strategy.
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Heineken, the global beer and cider company, discussed policy reforms aimed at enhancing its manufacturing investments in Karnataka, the department said in a statement. Minister Patil highlighted that “The roadshow was designed to showcase Karnataka’s global appeal in sectors such as semiconductors, renewable energy, and advanced manufacturing, positioning the state as a premier destination for international investors.”
