Karnataka to woo Singapore majors; Sats plans expansion
Karnataka's industries minister MB Patil is engaging with several companies in Singapore for investment opportunities. The discussions included establishing operations in Karnataka for companies like ST Engineering and Sats. Japfa has shown interest in setting up a feed mill and food-processing plant in the state.
Bengaluru witnessed a delegation of Singaporean companies visiting Karnataka to boost investment in the state. Karnataka's industries minister, MB Patil, spearheaded the discussions with Thakral Corporation, Nordic Flow Control, Japfa, Sats, and ST Engineering. The delegation met with representatives of the Singapore Indian Chamber of Commerce and Industry (SICCI) as well.
ST Engineering, known as the world's largest airframe MRO service provider, is keen on establishing a strong presence in India. Patil highlighted Karnataka's aerospace ecosystem and favorable policies during the talks.
Sats, which currently handles cargo, cold-chain infrastructure, airport logistics, and warehousing in Bengaluru, is interested in expanding its operations within the state. The company is engaged in discussions with Bangalore International Airport Limited (BIAL) and plans to set up a training academy in Karnataka to cultivate a skilled workforce for its aviation and logistics ventures, Patil added.
Japfa, operating in the animal feed and food processing sector, has shown interest in constructing a feed mill and food-processing plant in Karnataka, with talks focused on potential locations.
Thakral Corporation, present in Bengaluru, shared details of its investment in the drone sector via Skylark Drones, and explored potential collaborations. One of its associated companies is interested in setting up a manufacturing facility in Karnataka. The Karnataka government delegation, including Industries Department Principal Secretary Selvakumar and other senior officials, participated in the discussions.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
