German firm Continental AG to pump Rs 1k crore into Karnataka- The New Indian Express
BENGALURU: Germany-based technology company Continental AG will invest around Rs 1 billion in Karnataka in software development, connected technologies and autonomous mobility for the global car industry. The company on Wednesday signed first pacts with the Karnataka government in this regard.
The proposed investment aims to boost the growth of the company’s research and development (R&D) unit and technical center and will employ about 6,000 people. Karnataka. The company specializes in the manufacture of brake systems, interior electronics, car safety, power train and chassis components, and other parts in automotive and transportation.
Investments for expansion and growth between 2018 and 2020 and for a Rs 200 crore green plant in Pune are some of the company’s recent investments, he said. autonomous mobility for the global automotive industry, “said Gunjan Krishna, industrial development commissioner and director of the Department of Industries and Trade. The proposed footprint growth will also boost the growing ecosystem of Automotive R&D in Bangalore, Continental said.