Bengaluru, Karnataka, has secured Rs 6,450 crore in investment commitments from Japan and South Korea with the potential to create over 1,000 jobs, minister MB Patil said on Wednesday.
The Minister of Large and Medium Industries and Infrastructure Development paid a visit to the two countries from June 24 to July 5.
The Karnataka delegation he had led met industry leaders and held roadshows for small and medium enterprises (SMEs).
“We have received investment commitments and MoUs worth Rs 6,450 crore. These commitments by six major companies are expected to create over 1,000 jobs in Karnataka,” Patil told reporters.
He said the delegation met more than 35 industry leaders and 200 companies at the two roadshows held in Japan and South Korea.
In Japan, the delegation met with key industry leaders including Renesas Electronics Corporation, Toyota Motor Corporation, Yamaha Motor Company, Sumitomo Heavy Industries, Panasonic Energy, Nidec Corporation, Nissan Motor Corporation, Brother Industries, Shimadzu Corporation and Hitachi, it said Patil. .
In South Korea, meetings were held with Samsung Electronics, LG Energy Solutions, LX Electronics, NIFCO Korea, OCI Holdings, Krafton, HYAC, Hyundai Motors, YG-1 and Hyosung Advanced Materials, among others.
Patil said Osaka Gas is committed to expanding its gas distribution infrastructure in Karnataka with an investment of Rs 5,000 crore over the next five years.
DN Solutions signed a Rs 1,000-crore MoU to set up a manufacturing plant for precision tools and automation systems, which is expected to create approximately 350 jobs.
Japanese auto components supplier Aoyama Seisakusho has also expressed interest in investing Rs 210 crore to set up a manufacturing facility in the state's Japanese Industrial Township, Patil said.
The Minister of Large and Medium Industries and Infrastructure Development paid a visit to the two countries from June 24 to July 5.
The Karnataka delegation he had led met industry leaders and held roadshows for small and medium enterprises (SMEs).
“We have received investment commitments and MoUs worth Rs 6,450 crore. These commitments by six major companies are expected to create over 1,000 jobs in Karnataka,” Patil told reporters.
He said the delegation met more than 35 industry leaders and 200 companies at the two roadshows held in Japan and South Korea.
In Japan, the delegation met with key industry leaders including Renesas Electronics Corporation, Toyota Motor Corporation, Yamaha Motor Company, Sumitomo Heavy Industries, Panasonic Energy, Nidec Corporation, Nissan Motor Corporation, Brother Industries, Shimadzu Corporation and Hitachi, it said Patil. .
In South Korea, meetings were held with Samsung Electronics, LG Energy Solutions, LX Electronics, NIFCO Korea, OCI Holdings, Krafton, HYAC, Hyundai Motors, YG-1 and Hyosung Advanced Materials, among others.
Patil said Osaka Gas is committed to expanding its gas distribution infrastructure in Karnataka with an investment of Rs 5,000 crore over the next five years.
DN Solutions signed a Rs 1,000-crore MoU to set up a manufacturing plant for precision tools and automation systems, which is expected to create approximately 350 jobs.
Japanese auto components supplier Aoyama Seisakusho has also expressed interest in investing Rs 210 crore to set up a manufacturing facility in the state's Japanese Industrial Township, Patil said.
