Bayer to invest Rs 200 crore in Karnataka R&D facility, create 220 jobs

Bengaluru: Germany-based Bayer Science and Innovation has signed a memorandum of understanding (MoU) with the Karnataka government to invest Rs 200 crore in setting up a research and development (R&D) facility near Bengaluru.

The investment will be made in phases over the next seven years and is expected to generate 220 jobs, Industries minister MB Patil said on Friday.

The MoU was signed in the presence of Patil by S Selvakumar, principal secretary, industries department, and Vinit Jindal, chief financial officer of Bayer.


Patil said he held discussions with senior Bayer executives in Amsterdam during his recent visit to the Netherlands to attract investments to Karnataka. The company plans to hold the groundbreaking ceremony for the project before the Global Investors Meet scheduled for April next year and begin work on the facility at the earliest.

Bayer, which operates in the healthcare and agriculture sectors, already has a service and innovation hub in Bengaluru and a crop-testing centre in Chamarajanagar. The company has been present in India for 125 years and employs around 11,000 people in the country, Patil said. Industries Commissioner Kushboo Goel Chowdhury and KIADB Chief Executive Officer Govind Reddy were also present.