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Karnataka Minister for Large and Medium Industries M B Patil announced that Japanese companies have confirmed investments worth ₹4,000 crore following a recent delegation visit to Japan.
Patil said the investments will strengthen Karnataka’s industrial ecosystem, with major firms like Honda planning expansion projects and Sumitomo, in partnership with Mukand Sumi, proposing to set up a new steel plant. He added that Japanese investors, known for their cautious approach, showed confidence in Karnataka, which already hosts over 50% of all Japanese companies operating in India.
This visit follows earlier engagements in Japan and South Korea, which brought in investments of nearly ₹6,500 crore. The minister stressed that Karnataka continues to emerge as a top destination for global investors in manufacturing, automotive, and steel sectors.
The government expects these new commitments to generate jobs, technology transfer, and supply chain integration, further boosting Karnataka’s role as an industrial hub.
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