Karnataka woos investors at Semicon India; Euler Motors among firms in talks

Bengaluru:Karnataka industries minister MB Patil held discussions with Samsung Electronics, Euler Motors, Ericsson, Nexperia, CG Semi, Axiro and Linde on Thursday as the state sought investments during SEMICON India 2026 in New Delhi.

Delhi-based electric vehicle maker Euler Motors has proposed setting up a facility to manufacture electric three- and four-wheelers in Karnataka, Patil said in a statement. The state has suggested Vijayapura as a possible location for the project, he added.

Euler Motors is also considering customised training programmes based on its workforce and technical requirements, Patil said.


Patil also held discussions with LT Foods, which has a presence in Raichur and is considering a larger rice-processing facility near major rice-growing regions in Karnataka. The proposed facility could process varieties including Sona Masoori and Kolam, he said.

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With Samsung Electronics already operating research and development facilities in Karnataka and having a presence in the semiconductor sector, Patil said the state had proposed that the company consider setting up manufacturing operations in Karnataka.

Patil also met representatives of companies from the Netherlands and Malaysia and visited the pavilions of the two countries at the summit. He also visited booths of participating companies.

The minister had travelled to France and the Netherlands last week for investment roadshows and meetings with potential investors before travelling to New Delhi for SEMICON India. Further meetings with companies are scheduled for Friday, the second day of the event.

The meetings were attended by representatives of Euler Motors, LT Foods and Samsung Electronics, among others. The minister was accompanied by industries department principal secretary S Selvakumar, and commissioner for industrial development Khushboo Goel Chowdhary.