Bayer Expands in Bengaluru: ₹200 Cr Investment Announced

German pharmaceutical leader Bayer Science and Innovation has formalized an agreement with the Government of Karnataka to establish a new manufacturing plant near Bengaluru. The ₹200-crore investment project, expected to generate approximately 220 direct jobs over a seven-year phased rollout, was announced following an MoU signing ceremony.

The MoU was executed between Karnataka Industries Department Principal Secretary S Selvakumar and Bayer Chief Financial Officer Vineet Jindal, with Large and Medium Industries Minister M B Patil in attendance. Bayer plans to initiate construction shortly, targeting a groundbreaking ceremony ahead of the upcoming Global Investors' Meet in April 2027. This expansion adds to Bayer's existing network in the state, which currently includes seven manufacturing units, a Bengaluru innovation center, and a research facility in Chamarajnagar.

News by Rahul Yelligetti.