Bayer signs MoU with Karnataka government for ₹200 crore manufactuing facility near Bengaluru

German pharmaceuticals company Bayer Science and Innovation signed a Memorandum of Understanding (MoU) with the Karnataka government on Friday to establish a manufacturing facility worth ₹200 crore near Bengaluru.

The agreement was signed by Industries Department Principal Secretary S. Selvakumar and Bayer Chief Financial Officer Vineet Jindal in the presence of Large and Medium Industries Minister M. B. Patil.

The minister highlighted the company’s investments would come in tranches over the next seven years and employ around 220 employees.


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Patil said he had held discussions with the company’s leadership in Amsterdam during his recent visit to the Netherlands to attract investments to Karnataka.

According to the agency, Bayer is keen to initiate the project at the earliest.

The minister said the company plans to perform the groundbreaking ceremony before the Global Investor's Meet in April, 2027 and begin operations at the earliest.

Bayer already operates a service and innovation hub in Bengaluru and a crop research centre in Chamarajnagar. The company has been in India for 125 years, employing 11,000 people, and runs seven manufacturing plants and three Global Engineering Centres in the country.

(With inputs from PTI)