Xylem(US:XYL) The Economic Times·2026-01-21 15:31Investment and Expansion Plans - Minister for Large and Medium Industries M B Patil engaged in high-level discussions with global company executives regarding investment and expansion plans during the World Economic Forum (WEF) Annual Meeting in Davos [1][9] - CFI Technologies announced readiness to inaugurate a data centre in Bengaluru and expressed interest in expanding into tier-2 cities [2][9] - Bharti Enterprises has invested approximately Rs 13,000 crore in Karnataka and discussed plans for an additional data centre in the state [2][9] Sector-Specific Investments - Philip Morris International is interested in investing in Karnataka for the manufacturing of next-generation smoke-free products, identifying the state as its second-largest global procurement location [3][9] - Carlsberg Group confirmed a Rs 350-crore investment for bottling capacity and indicated plans for further expansion in Karnataka [4][9] - Bharat Forge Limited sought information on further investment opportunities aligned with Karnataka's industrial and manufacturing ecosystem [9] Research and Development Initiatives - Imperial College London is considering establishing a research and development centre in KWIN City and aims to expand research activities in collaboration with local higher education institutions [5][9] - The university currently operates an innovation hub in Bengaluru and collaborates with the Indian Institute of Science (IISc) [5][9] Renewable Energy and Technology Discussions - Discussions were held with ReNew Power regarding renewable energy generation and storage opportunities [6][9] - Xylem Inc engaged in talks about smart wastewater treatment and tertiary treated water plants for industrial areas [6][9] - Octopus Energy discussed vehicle-to-grid technology and digital solutions for grid management [6][9] Digital Infrastructure and Talent Pool - PayPal emphasized Karnataka's significance to its global operations, highlighting Bengaluru's talent pool and discussing AI-driven innovation and startup ecosystem collaboration [7][9] - Sify Technologies announced a new data centre facility in Karnataka set for imminent inauguration and explored opportunities for data centre development in tier-2 cities [7][9] Government Commitment - The Karnataka government reaffirmed its commitment to policy continuity, regulatory certainty, and full facilitation to ensure the timely execution of investments discussed at WEF [8][9]