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It will reduce the travel time between the two cities from around three hours to about 75 minutes, according to officials.
The Rs 8,480 crore project involved six-laning of the Bengaluru-Nidaghatta-Mysuru section of NH-275 and will act as a catalyst for socio-economic development in the region, they said.
The Prime Minister also laid the foundation stone for Mysuru-Kushalnagar 4 lane highway.
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Earlier on Sunday, Modi held a massive road show in the district headquarter city of Mandya, waving at a large number of enthusiastic crowd, who had lined up on both sides of the route, as the ruling BJP is focusing on winning a good number of seats in Old Mysuru region, where it is traditionally weak.