Praxair India Signs MoU with Karnataka for ₹210 Crore Manufacturing Units.

Industrial gases manufacturer Praxair India will invest ₹210 crore over the next three years to set up liquid oxygen and nitrogen production units in Karnataka.

The company formalised its plans by signing a memorandum of understanding (MoU) with the Karnataka government recently, Karnataka Large & Medium Industries Minister M.B. Patil announced.

Speaking during his official visit to the UK with a government delegation, the minister said Praxair India will begin investing in the current financial year. He added that the state government will provide priority support, including land allocation, single-window clearances and necessary infrastructure facilities.