Fifteen major Japanese companies have committed investments in Karnataka, signing Memorandums of Understanding (MoUs) amounting to around ₹7,500 crore.
Japanese giants like Toyota Kirloskar, and Mitsubishi Heavy Industries have pledged investments across multiple sectors, with a focus on automobile manufacturing, industrial automation, and advanced technology. The investments are expected to drive employment, innovation, and economic growth in the state.
The key investment commitments include ₹3,748 crore by Toyota Kirloskar Motor, ₹600 crore from NIDEC Industrial Automation India, ₹450 crore from Toyota Kirloskar Auto Parts and Toyotetsu India Auto Parts each.
Other investors are Sango India Automotive Parts, Aoyama Automotive Fasteners (India), NIFCO South India Manufacturing, Mitsubishi Heavy Industries, and RIX India Manufacturing.
Among the MoUs signed for future collaborations were ₹600 crore from Honda Motorcycle & Scooter India, and those from JFE Shoji Corporation, Shindengen India, Shimadzu Corporation, and Daiki Axis.
Hitachi Construction Machinery Co. is slated to establish a Global Competency Center (GCC) plant in Dharwad.
M.B. Patil, Minister for Large and Medium Industries, along with Dr. S. Selvakumar, Principal Secretary of Commerce & Industries, and Gunjan Krishna, Commissioner for Industrial Development, met with His Excellency Keiichi Ono, Ambassador of Japan to India, and Tsutomu Nakane, Consul General of Japan.
The discussions emphasized deepening bilateral economic cooperation, fostering technology exchange, and accelerating industrial expansion in Karnataka.
Further strengthening Karnataka’s industrial ecosystem, an MoU was signed with Small and Medium Enterprises and Regional Innovation, Japan (SMRJ), in the presence of Executive Vice President Tomohiro Kaneko. This partnership is set to drive innovation-led industrial expansion, technology-driven growth opportunities, and a seamless collaboration between SMEs from both nations.
These new investments and collaborations are expected to contribute significantly to job creation, economic development, and technological advancements, positioning Karnataka at the forefront of India’s industrial transformation.
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