Mumbai Roadshow Day 2: Cipla to Invest ₹200 Crore, Rocket India ₹100 Crore in Karnataka
Bengaluru: Karnataka’s investment outreach in Mumbai continued to gather momentum on the second day of the state’s roadshow, with Cipla committing an investment of ₹200 crore to expand its manufacturing facility in Bengaluru and Rocket India announcing a ₹100 crore investment to scale up its plant-based protein manufacturing unit in Belagavi district.
The announcements were made following discussions with leading companies during the second day of the two-day investment roadshow led by Karnataka Minister for Large and Medium Industries M.B. Patil to attract fresh investments into the state.
Providing details of the meetings, Principal Secretary, Department of Industries and Commerce, Dr. S. Selvakumar, said Cipla has already begun expanding its manufacturing facility at Bommasandra in Bengaluru, with production from the expanded unit expected to commence by December 2026.
He said Rocket India, which operates a manufacturing facility at Gokak in Belagavi district, plans to invest ₹100 crore to expand its operations. The company has been assured of an adequate supply of maize, the primary raw material for its plant-based protein products. As Karnataka is among India’s largest maize-producing states, the investment is expected to benefit both the company and farmers by ensuring a stable market for agricultural produce.
Rocket India has also expressed interest in establishing its Global Capability Centre (GCC) in Bengaluru, Dr. Selvakumar added.
The Karnataka government delegation also held meetings with representatives of Blackstone, Saint-Gobain, Horizon, Henkel, KEC International and ideaForge Technology.
According to Dr. Selvakumar, Blackstone expressed interest in investing in data centres, renewable energy and fibre-optic infrastructure in Karnataka.
Global building materials manufacturer Saint-Gobain is planning to expand its manufacturing footprint in the state. The government briefed the company on suitable land parcels available for the proposed expansion.
The government also encouraged Horizon to explore investment opportunities in Karnataka’s Tier-2 cities in the industrial and infrastructure sectors. The company is interested in developing plug-and-play industrial infrastructure, which is expected to support balanced regional industrial development across the state.
The meetings were attended by Nikhil Jalan, Head, and Rachit Mohan, Managing Director, Blackstone; Hari Singhudasu, Chief Financial Officer, and Prakash Sabarad of Saint-Gobain; Urvish Rambhia, Chief Executive Officer, and Venkataraman of Horizon; Prabhakaran Nair, Global Head, Cipla; Prasanna Venkatesh of Rocket India; and Sachin Mathur, Director, ideaForge Technology.
Industries Commissioner Khushbu Goel and other senior officials of the Karnataka government were also part of the state delegation.
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