Karnataka Emerges as Key Investment Hub for Japanese Firms with Rs 7,500 Crore Commitments

Bengaluru, Feb 13 (KNN) Karnataka is rapidly solidifying its position as a prime investment destination for Japanese companies, with 15 major firms pledging investments worth approximately Rs 7,500 crore.

This announcement was made during the Invest Karnataka 2025 summit, reinforcing the state’s role as a hub for industrial expansion, technology collaboration, and global partnerships.

Leading Japanese enterprises have committed investments across diverse sectors, particularly in automobile manufacturing, industrial automation, and advanced technology.

These investments are expected to stimulate employment opportunities, drive innovation, and contribute to Karnataka’s economic growth, officials stated.

Among the key investors, Toyota Kirloskar Motor leads with a commitment of Rs 3,748 crore.

Other significant investments include Rs 600 crore from Nidec Industrial Automation India, Rs 600 crore from Honda Motorcycle & Scooter India, Rs 400 crore from JFE Shoji Corporation, and Rs 107 crore from Mitsubishi Heavy Industries.

To facilitate these investments, a high-level meeting was held between M B Patil, Karnataka’s Minister for Large and Medium Industries, S Selvakumar, Principal Secretary for Commerce and Industries, and Gunjan Krishna, Commissioner for Industrial Development, with Keiichi Ono, Japan’s Ambassador to India, and Tsutomu Nakane, Consul General of Japan.

The discussions focused on deepening economic cooperation, enhancing technology exchange, and accelerating industrial expansion.

Further strengthening bilateral ties, a memorandum of understanding (MoU) was signed with SMRJ (Organisation for Small and Medium Enterprises and Regional Innovation, Japan), witnessed by Tomohiro Kaneko, SMRJ’s Executive Vice-President.

With a robust manufacturing ecosystem, world-class infrastructure, and investor-friendly policies, Karnataka continues to attract global investments.

Officials emphasise that these new collaborations will significantly boost job creation, economic development, and technological advancements, positioning Karnataka as a leader in India’s industrial transformation.

(KNN Bureau)