Karnataka minister MB Patil denies government inaction after Kaynes Tech picks Telangana for investment

By Daisy On Oct 28, 2023

Karnataka’s industries minister MB Patil on Friday denied his state lost electronics contract manufacturing firm Kaynes Technology’s investment to Telangana due to the government inaction. His department, he said in a statement, had responded quickly to the firm’s investment proposal.

The firm performed a ground-breaking ceremony for its outsourced semiconductor assembly and testing (OSAT) facility near Hyderabad on Tuesday.

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The minister’s reaction came as a response to a tweet by former Infosys director TV Mohandas Pai’s that it was a “sad day for Karnataka. We have driven away one of our best companiesc from Mysore because of lethargy and lack of response, why are we driving away our industry? How will jobs come.”

Kaynes Technology’s executives discussed the investment with the CM. The company might have decided to go to Telangana for its own reasons. They might have probably expected more concessions from Karnataka. “But, we can not violate the set norms while awarding concessions,” Patil said. “We were in touch with the company even when we were in the US on a business delegation.”

Patil added that Pai might not be aware of all these developments and that the commissioner for industries and commerce will explain to him the entire context.

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