Tesco plc, the British multinational retailer, has unveiled ambitious expansion plans in Bengaluru, promising a substantial boost to the local economy with the creation of 16,500 jobs. During discussions with Karnataka’s Minister for Large and Medium Industries, MB Patil, Tesco committed to hiring an additional 1,500 employees, constructing a new operational facility in Bengaluru, and establishing a distribution center in Hoskote, projected to generate 15,000 jobs. Tesco’s leadership commended Karnataka’s robust business ecosystem and its unwavering support for growth initiatives in the region.
Currently employing 4,000 people in Bengaluru through Tesco Business Services (TBS) and Tesco Technology, the company also operates retail ventures in India via its Star Bazaar joint venture with the Tata Group. This expansion reinforces Tesco’s strategic focus on leveraging Karnataka’s strengths as a global hub for innovation and business operations.
In parallel, Karnataka is strengthening its aerospace and defence sectors. During a meeting with Rolls Royce Group, Minister Patil highlighted the state’s thriving aerospace ecosystem, underscoring its advancements in composite manufacturing and attractive incentives. Rolls Royce leadership acknowledged Karnataka’s strategic importance in their future investment plans.
The education sector is also poised for growth as Pearson Group, a UK-based education leader, explores collaborations in Karnataka. Discussions centered around skill development and AI-enabled learning solutions, with Pearson expressing keen interest in scaling operations and forging deeper partnerships within the state.
Magellan Aerospace reaffirmed its commitment to Karnataka, with government assurances of full support for its expansion plans, further cementing the state’s status as a global aerospace hub.
These engagements are part of a UK roadshow led by MB Patil, ahead of the Invest Karnataka Global Investors Meet in February 2025. The roadshow showcased Karnataka’s pro-business environment, robust infrastructure, and initiatives like the KWIN City project to attract global investments across aerospace, automotive, and education sectors.
“These collaborations underscore Karnataka’s growing reputation as a preferred global investment destination. The upcoming Invest Karnataka 2025 in Bengaluru will provide an unparalleled platform for exploring transformative partnerships and long-term growth opportunities,” said Minister Patil.
