Visitors to the Bengaluru Tech Summit 2025 on Tuesday. SUDHAKARA JAIN SUDHAKARA JAIN | Photo credit: th-online admin
The Karnataka government has secured six Letters of Intent (LoIs) in the areas of drone technology, semiconductors, electric vehicle batteries and biotechnology for investments totaling ₹2,600 crore.
Addressing a press conference at the Bengaluru Tech Summit here, Karnataka IT and BT Minister Priyank Kharge said the six projects together would create 3,500 new jobs. These deals were the key focus of the second day of the Bengaluru Technology Summit on Wednesday.
Drone Federation India (DFI), a member body of 550 drone technology firms, has signed an LoI with the state government to set up a drone flight test facility, the first such infrastructure in the country, which would create more than 500 new jobs in drone research, testing, development and manufacturing.
According to Sharath Kumar Bache Gowda, chairman of KEONICS, the drone federation has committed to invest ₹50-100 crore in the testing facility. The government will offer a 20-acre plot at Chintamani for the facility.
The drone testing facility will be based on a PPP model and the land is to be provided by the state government while DFI will bring in drone companies to use the facility.
“The test facility is also expected to trigger the creation of a holistic ecosystem for drones in Karnataka with elements such as cutting-edge research, development and manufacturing, etc., and create new jobs,” Drone Federation India President Smit Shah told The Hindu.
An LoI was also signed with Global HDI, a firm that specializes in manufacturing High-Density Interconnect (HDI) printed circuit boards, commonly used in consumer electronics, telecommunications, automotive and high-speed equipment, to open a ₹1,500 crore HDI/Multilayer PCB factory.
Other LoIs expected to bring new investment and jobs to Bengaluru include: Tsuyo Manufacturing to invest ₹250 crore to build Cell Therapy and EV Powertrain R&D; MiniMines Cleantech Solutions to invest ₹350 crore to set up Giga Critical Mineral Refining Complex; Elleve Solutions, an ESDM company offering PCB design, prototyping, assembly, calibration, certification and contract manufacturing, to invest ₹250 crore to set up PCB and electronics manufacturing facilities; EyeStem Research, which is developing scalable iPSC-based cell therapies starting from Dry AMD, is investing ₹130 million to set up a Cell Therapy R&D and manufacturing facility.
Published – 19 Nov 2025 21:04 IST
