Dell mulls fresh investment in Bengaluru; seeks Karnataka govt’s support to navigate import restrictions on SEZ

Global Foundries, a semiconductor maker, also expressed interest in hiring 200 skilled workers in Bengaluru

US-based technology major Dell is considering to make a new investment in its research and development (R&D) center in Bengaluru, said the Karnataka government on September 30.

“The company, valued at $50 billion, already operates a prominent research and development center in Bengaluru. Dell has a global presence, with around 25 manufacturing facilities, 14 of which are dedicated to R&D,” stated Karnataka’s minister for large and medium industries & infrastructure MB Patil.

“The company also sought support from the Karnataka government to overcome import restrictions on Special Economic Zone (SEZ) operations, which would enhance cost sustainability for Dell’s expansion in India. Dell has also outlined its requirements concerning Electronic System Design and Manufacturing (ESDM) ecosystem players and suppliers in the state.”

ALSO READ: Govt gets 32 proposals from likes of Dell, Foxconn, Lenovo, Asus for Rs 17,000 crore IT hardware incentive scheme

During the delegation’s visit, Patil also met with one of the leading semiconductor manufacturing companies, Global Foundries, which expressed interest in expanding its workforce in Bengaluru by hiring an additional 200 skilled workers.

Patil assured them of the government’s support and offered assistance to help Global Foundries establish connections with customers and suppliers.

The $30-billion Global Foundries has also shown interest in expanding its Aerospace and Defense (A&D) presence in Karnataka, with plans for further engagement to develop a comprehensive business strategy.

The Karnataka business delegation is currently touring various states in the US to attract investments into the state.