The Karnataka government has signed an MoU with Nippon Industrial Fastener Corporation (NIFCO) for the establishment of a new automotive plastic components manufacturing plant in Gauribidanur, with an investment of Rs 288 crore. The plant, to be set up by NIFCO South India Manufacturing, is expected to employ about 400 people, with a focus on hiring 65% women.
Qualcomm has proposed its R&D unit at Whitefield in Bengaluru, at an investment of Rs 175 crore, projecting 1,553 jobs. The US tech giant already has a R&D unit in Bengaluru and the fresh investment is part of its expansion plans, officials said.
Karnataka Industries Minister M B Patil on Monday said that the state-run Mysore Sales International Ltd (MSIL) will get a first-of-its-kind AI-powered platform for a ”smart and efficient.