M.B. Patil Positions Karnataka as a Global Investment Destination During Sweden Roadshow Epiroc shares plans to invest Rs 500 Cr in 2025 and an additional Rs 1,000 Cr by 2030

Bengaluru Express
Bangalore, June 19: As part of Karnataka’s efforts to attract global investment and reinforce its position as a hub for advanced manufacturing, innovation, and research, Hon’ble Minister for Large and Medium Industries and Infrastructure Development, Shri M.B. Patil, held key meetings with industry leaders during a high-level roadshow in Sweden. Among the key outcomes was Epiroc’s disclosure of its capital investment roadmap— INR 500 crore in the current year and an additional INR 1,000 crore by 2030. Discussions were also held with global majors Tetra Pak and SAAB to explore long-term collaboration and expansion in the state.
The official delegation included Dr. Selvakumar S, IAS, Principal Secretary, Department of Commerce and Industries, and Smt. Gunjan Krishna, IAS, Commissioner for Industrial Development and Director, Department of Commerce and Industries.
Meeting with Epiroc

Shri M.B. Patil met with Mr. Arun Kumar, head of Epiroc’s India operations, who shared the company’s long-term vision and outlined investment plans, including INR 500 crore capital investment this year and an additional INR 1,000 crore by 2030. With over 500 employees in Bengaluru contributing to 25% of Epiroc’s global R&D output, Mr. Kumar highlighted India’s strategic importance in the company’s 2030 growth roadmap. Shri M.B. Patil presented Karnataka’s industrial strengths, skilled talent pool, and enabling ecosystem, positioning the state as an ideal destination for Epiroc’s future manufacturing expansion in addition to its existing R&D operations.
Meeting with Tetra Pak

Shri MB Patil also held discussions with global food processing and packaging leader Tetra Pak to explore collaborative avenues in sustainability, innovation, and manufacturing. Tetra Pak presented an overview of its current operations in India, including its presence in Karnataka. Shri M.B. Patil emphasized the state’s strong industrial ecosystem, academic linkages, and startup culture, and encouraged deeper collaboration through local partnerships with universities and research institutions. Both sides agreed to continue dialogue on future investment opportunities.
Meeting with SAAB

In a meeting with Mr. Christian Hedelin, Chief Strategy Officer of SAAB, the company outlined its strategic focus on India as a key market and expressed intent to expand engineering and design operations in the country. Shri MB Patil showcased the state’s advanced design and manufacturing ecosystem and skilled talent base. SAAB, impressed by the potential, expressed strong interest in progressing discussions and is planning to bring its product leadership team to Bengaluru to strengthen the internal business case for investment.