Boston: Large and Medium Industries Minister MB Patil who is leading the Karnataka delegation that is on the USA visit invited global leading automotive technology supplier Aptiv PLC to explore the possibility of setting up R&D centres in Mysuru, and Hubballi-Dharwarda.
Holding talks with the representatives of the company on Wednesday, he presented ideas about the development of a local supplier base for semiconductors. Further, establishing connections with Original Equipment Manufacturers (OEM). and assembly, testing, marking, and packaging (ATMP) for Aptiv's products were also actively discussed.
Irish-American company Aptiv PLC which is spearheading the electrified, and software-defined future of mobility has currently a technology centre in Bengaluru housing over 2,500 engineers and technologists.
Besides, keeping the semiconductor industry as its focal point, the delegation discussed possibilities with leading foundational technology solutions provider MKS Instruments to deepen investment ties in Karnataka in the semiconductor sector.
During the meeting, MB Patil emphasised promising opportunities for technology advancement in vacuum and photonics along with the expansion of software engineering and the availability of a skilled workforce.
The meeting also mulled over initiatives to establish connections with potential suppliers for MKS along with conversations regarding corporate tax rates, wages, and intellectual property rights.
In a meeting with fluorinated solutions provider Orbia, the focus was on exploring the potential use of fluorine in energy materials. Further, opportunities for collaborations within the EV value chain, ethylene production, and the manufacturing of pipes for drip irrigation projects were also deliberated.
Holding talks with American financial services and bank holding company State Street, the Minister drew attention to India’s financial industry and its potential for the growth of financial services assets. He also explained the government support for banking licenses streamlining approval processes for joint ventures to improve ease of doing business and assistance in talent acquisition for Global Capability Centers.
Kevin C. Klein, Head of Global Public Policy from Aptiv PLC, senior officials of MKS Instruments John T.C. Lee, President & CEO, Eric Taranto, Executive Vice President, Dave Henry, Executive Vice President, Madhuri Andrews, Chief Information Officer were among those who attended the meeting. S.Selvakumar, Principal Secretary, and Gunjan Krishna, Commissioner, Department of Industries were present.