Epiroc, a Swedish manufacturer of mining and infrastructure solutions, has announced plans to invest ₹500 crore in Karnataka in calendar year 2025. In addition to this, the company also intends to invest ₹1,000 crore by 2030.
The announcement was made during the Sweden roadshow by the Minister for Large and Medium Industries and Infrastructure Development M B Patil. This comes as part of Karnataka’s efforts to attract global investment and reinforce its position as a hub for advanced manufacturing, innovation, and research.
Arun Kumar, Head of Epiroc’s India operations, shared the company’s long-term vision and outlined its investment plans. With over 500 employees in Bengaluru contributing to 25 per cent of Epiroc’s global R&D output, Kumar highlighted India’s strategic importance in the company’s 2030 growth roadmap.
Patil also held key discussions with global majors Tetra Pak and SAAB to explore long-term collaboration and potential expansion in the state.
During discussions with Tetra Pak, the focus was on exploring avenues for collaboration in sustainability, innovation and manufacturing. Tetra Pak presented an overview of its current operations in India, including its presence in Karnataka.
In a meeting with Christian Hedelin, Chief Strategy Officer of SAAB, the company outlined its strategic focus on India as a key market and expressed intent to expand its engineering and design operations in the country.
The official delegation included Dr Selvakumar S, IAS, Principal Secretary, Department of Commerce and Industries, and Gunjan Krishna, IAS, Commissioner for Industrial Development and Director, Department of Commerce and Industries.