Dutch semiconductor giant NXP has announced plans to invest ₹8,400 crore (approximately $1 billion) in research and development in Bengaluru over the next five years. Karnataka Industries Minister M.B. Patil shared the news during his Netherlands roadshow, held to promote investment opportunities in the state ahead of the flagship event, Invest Karnataka 2025.
Patil met with Maurice Geraets, Executive Director of NXP, and highlighted Karnataka’s significant contribution to advancing global R&D efforts. “Maurice Geraets shared that a large portion of NXP’s planned $1 billion investment will be directed towards Karnataka,” Patil stated on X.
The roadshow also featured discussions with executives from major companies like Philips and Heineken. Philips reaffirmed its commitment to its Bengaluru Innovation Campus, which recently received a ₹445 crore (€50 million) investment. The minister encouraged Philips to establish a manufacturing facility in Karnataka, emphasizing the state’s strategic advantages.
Signify, formerly known as Philips Lighting, outlined its ongoing projects in the region, while Karnataka officials urged the company to leverage the “China plus one” strategy and expand its investments in the state. Global brewing giant Heineken participated in discussions around policy reforms to boost its manufacturing activities in Karnataka.
The roadshow aimed to position Karnataka as a premier hub for industries like semiconductors, renewable energy, and advanced manufacturing. Minister Patil emphasized the state’s global appeal and its ability to attract significant international investments. “Karnataka is committed to providing a robust ecosystem for industries, making it a preferred destination for cutting-edge technologies and sustainable growth,” Patil said.
