Praxair India has announced plans to invest Rs 210 crore over the next three years to set up liquid oxygen and nitrogen production units in Karnataka.

The company signed a memorandum of understanding (MoU) with the Karnataka State Government on 27 November, 2025, with the investment set to begin in the current financial year. MB Patil, Karnataka’s Minister for Large & Medium Industries, stated that the government would provide priority support, including land allocation, single-window clearances, and infrastructure facilitation.

During his official visit to the UK, Minister Patil also met with companies like Helix Geospace, which specialises in aerospace and defence technologies, and Oxford Space Systems, a satellite antenna manufacturer.

The Minister discussed the establishment of a ‘UK Tech Park’ in KWIN City with India’s High Commissioner to the UK, Vikram Doraiswami. Patil said, "The State Government is committed to supporting these initiatives to boost industrial growth."