Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs

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Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs - Business Standard

Quick Summary:

This project is part of the Rs 10.27 lakh crore investment proposals signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025, according to a release from the Minister's office.

Ahead of GIM, Patil led a delegation to Germany in December last year, where he held discussions with Krones representatives and signed a preliminary Memorandum of Understanding at the company's headquarters in Neutraubling.

German-based packaging and bottling machine manufacturer Krones has begun setting up its Rs 315 crore bottling machine manufacturing plant in Vemagal, Kolar district.