Krypton may invest $100 mn to set up a fabrication unit in Karnataka

US-based Krypton Solutions is likely to invest $100 million (Rs 832 crore) to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka, according to the office of Karnataka large and medium industries and infrastructure minister M B Patil.

Another American company, Texas Instruments, has affirmed its commitment to R&D expansion in the state. Both companies met Patil for increased investments in the state on Monday.

The meeting with both companies is part of the government’s 12-day tour to the United States of America to attract investment into the state. The tour is scheduled to conclude on October 6.