Krypton Solutions is likely to invest $100 million to set up a printed circuit board (PCB) fabrication unit in Karnataka. The company, which plans on investing in Bommasandra, Bengaluru for a new PCB facility, has already completed preliminary discussions with the government.
The company affirmed its commitment towards research and development (R&D) expansion in the state, during the meeting between the representatives of the companies and an official delegation led by Karnataka Large & Medium Industries Minister, M B Patil in the United States (US).
The meeting also explored investment options in Mysuru and Chamarajanagara in the state and tapped Krypton’s interest in local partnerships, seeking support for identifying the right entry and growth partner in the Indian market.
Further, the meeting focused on R&D for analog and embedded semiconductors with a potential exploration in the Whitefield semiconductor park.
The meeting with companies is part of the government delegation’s 12-day tour to the US for attracting investment into Karnataka. It is scheduled to conclude on October 6, 2023.