M.B. Patil promises land, infra support for industrial investments in Karnataka

Minister for Large and Medium Industries M.B. Patil on Wednesday visited Kaynes Technologies and Cyient DLM at the Hebbal Industrial Area here, urging both companies to expand their investments in Karnataka. He assured the speedy facilitation of land and infrastructure.

The Minister said that Kaynes Technologies, which manufactures electronic products, has sought 20 acres of land to expand its unit in Chamarajanagar. The land adjacent to its existing facility, which is currently classified as non-agricultural, will soon be allotted to the company, he added.

Mr. Patil stated that Kaynes Technologies, which operates in seven States, should enhance its footprint in the State. “By next year, Kaynes will have invested around ₹1,500 crore in Chamarajanagar and will also construct a hostel to accommodate 3,000 employees,” he said.

The Minister also urged the company, which has its headquarters in Mysuru, to establish a PCB manufacturing unit at the Mulawad Industrial Area in Vijayapura, assuring that the location has sufficient power and water supply. He also suggested Kaynes to consider setting up another unit at Kolar Gold Fields (KGF), where industrial land is available.

Kaynes Technologies executive vice-president Ramesh R. Kannan, chairperson Savitha Ramesh, and director Jayaram were present.

Later, Mr. Patil visited Cyient DLM, another Mysuru-based electronic products company, where senior officials briefed him about the firm’s operations.

Industries Department Principal Secretary S. Selvakumar, Industries Commissioner Gunjan Krishna, Karnataka Industrial Areas Development Board CEO M. Mahesh, Cyient CFO R. Subramanian, and other officials accompanied the Minister.