Schneider Electric and Krones : Karnataka is set to solidify its position as an industrial powerhouse with two major announcements: Schneider Electric’s plan to create 5,000 additional jobs with a new PCB plant and Krones’ decision to establish a cutting-edge manufacturing facility in Kolar. These developments come as a result of strategic efforts by the state government to attract global investments ahead of the Global Investors Meet in February 2025.
Schneider Electric to Establish PCB Plant in Karnataka
In a significant boost to Karnataka’s manufacturing ecosystem, French multinational Schneider Electric announced plans to set up a new Printed Circuit Board (PCB) manufacturing facility in the state. This expansion is expected to generate 5,000 jobs, further cementing the company’s confidence in Karnataka as a hub for innovation and production.
High-Level Engagement in France
Karnataka’s Minister for Large and Medium Industries, MB Patil, led a delegation to Europe to promote the state’s industrial capabilities. During a meeting with Schneider Electric’s senior official Bruno Turchet at the French Embassy, Turchet outlined the company’s expansion plans.
“Schneider Electric has over 11,000 employees in Bengaluru alone. Their decision to expand demonstrates their trust in Karnataka’s infrastructure and talent pool,” Patil said, assuring the company of full government support.
Boost to Karnataka’s Economy
The state-of-the-art PCB manufacturing facility will play a pivotal role in advancing Karnataka’s industrial landscape. With its focus on innovation and sustainability, the project is expected to enhance the state’s standing in global electronics manufacturing.
Krones to Set Up Manufacturing Unit in Kolar
Global leader in bottling and packaging technology, Krones, has also chosen Karnataka as the site for its new facility. An MoU was signed between the state government and Krones during MB Patil’s visit to Neutraubling, Germany, where he met the company’s CEO, Christoph Klenk.
Investment in Vemagal Industrial Park
Krones plans to establish a manufacturing unit in Phase 2 of the Vemagal Industrial Park, located in Kolar district. This facility will be equipped with advanced technologies, ensuring the company remains at the forefront of global manufacturing standards.
Fast-Track Implementation
The Karnataka delegation also toured Krones’ state-of-the-art operations in Germany. The collaboration includes finalizing the investment details and ensuring the project is implemented swiftly to meet global market demands.
Government’s Commitment to Attract Investments
The Karnataka government’s proactive efforts to attract international investments underscore its commitment to economic growth. Speaking about the European visit, MB Patil emphasized the state’s readiness to provide infrastructure, skilled talent, and policy support to global investors.
“Karnataka’s collaboration with industry leaders like Schneider Electric and Krones showcases our ability to compete globally. These projects will create jobs, drive innovation, and strengthen our industrial capabilities,” he said.
FAQs
1. What is the significance of Schneider Electric’s PCB plant in Karnataka?
The PCB plant is expected to create 5,000 jobs and strengthen Karnataka’s position as a leader in electronics manufacturing.
2. Where will Krones establish its new facility?
Krones plans to set up its manufacturing unit in Phase 2 of the Vemagal Industrial Park, Kolar district.
3. How does the Karnataka government support such investments?
The government provides infrastructure, skilled talent, and policy incentives while actively engaging with global companies to fast-track project implementation.
4. What are the economic benefits of these projects?
The investments will boost job creation, enhance manufacturing capabilities, and attract further global investments, contributing to Karnataka’s economic growth.
5. What role does the Global Investors Meet play in attracting investments?
The meet serves as a platform to showcase Karnataka’s industrial strengths and engage with global leaders to secure high-value investments.