7 months ago
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The State authorities volition connection 300 acres of onshore to Japanese enterprises to acceptable up assorted industries, said Selva Kumar, Principal Secretary, Commerce & Industries Department, present connected Friday.
He said the 300 acres of onshore would beryllium made disposable successful 2 antithetic areas: The ITIR (Information Technology Investment Region) Park, adjacent Devanahalli, and connected the Chennai-Bengaluru Industrial Corridor (CBIC) which comprises Tumakuru Industrial Township.
Mr. Kumar was speaking astatine an India–Japan Business Summit (IJBS) organised by the Bangalore Chamber of Industry and Commerce (BCIC) here.
“We are offering onshore to Japanese firms to acceptable up concern townships and this demonstrates our readiness to enactment bilateral maturation successful the future,” helium added.
In September 2025, a high-level delegation from the Government of Karnataka visited Japan to further bilateral opportunities. “Multiple Japanese firms person shown involvement to travel to Karnataka and acceptable up their businesses here,’’ Mr. Kumar said.
According to him, successful 2023-24, bilateral commercialized stood astatine $32.85 billion, with India exporting implicit $5 cardinal successful sectors specified arsenic chemicals, vehicles and engineering goods.
He said, Japan was among the apical 5 sources of FDI for India and Japanese firms are semipermanent investors successful our infrastructure, cleanable vigor and precocious manufacturing sectors.
He pointed retired that Karnataka is location to implicit 500 Japanese concern establishments, Toyota, Hitachi, Panasonic, Yamaha and NIDEC being immoderate of them.
Speaking connected the occasion, Nakane Tsutomu, Consul General of Japan successful Bengaluru, said, “Karnataka, with its thriving IT and manufacturing sectors, continues to pull starring Japanese companies, present expanding adjacent into Tier-2 and Tier-3 cities.”
