Epiroc Boosts Karnataka Investment to ₹1,500 Cr by 2030, Unveils Long-Term Growth Plan.

Swedish mining and infrastructure giant Epiroc has announced a significant investment commitment of ₹1,500 crore in Karnataka by 2030, with ₹500 crore earmarked for calendar year 2025 alone. The strategic move underscores India's growing importance in Epiroc's global operations and research and development efforts.

The announcement came during a Sweden roadshow, where Karnataka's Minister for Large and Medium Industries and Infrastructure Development, M.B. Patil, highlighted the state's proactive approach to attracting global investment and strengthening its position as a hub for advanced manufacturing, innovation, and research.

Arun Kumar, Head of Epiroc’s India operations, detailed the company's long-term vision, emphasizing India's crucial role in its 2030 growth roadmap. Kumar noted that Epiroc's Bengaluru facility currently employs over 500 individuals and contributes a substantial 25% of the company's global R&D output. This significant contribution further solidifies Karnataka's status as a key innovation center for Epiroc.

Epiroc's substantial investment is expected to bolster Karnataka's industrial landscape, fostering job creation and technological advancement within the state's thriving manufacturing and R&D sectors.