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    Japanese companies confirm Rs 4,000 cr investment in Karnataka: M B Patil

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    Japanese companies confirm Rs 4,000 cr investment in Karnataka: M B Patil

    PTIKarnataka Minister for Large and Medium Industries and Infrastructure Development M B Patil

    Karnataka Large and Medium Industries Minister M B Patil on Monday said that investments worth Rs 4,000 crore have been confirmed during the recently concluded visit to Japan, by the delegation led by him.Expressing satisfaction with the success of the visit, he said that these new investments by some of Japan’s leading companies would further strengthen the existing industrial ecosystem in Karnataka.”Japanese investors arrive at decisions only after careful consideration. Moreover, Karnataka is home to more than 50 per cent of the total Japanese companies operating in India,” Patil said.He said the earlier visit to Japan and South Korea had resulted in attracting investments of around Rs 6,500 crore, a statement from the minister’s office said.During the latest visit, discussions were held on several projects, including the expansion plans of Honda and a proposal by Sumitomo, in collaboration with Mukand Sumi, to set up a steel plant, the minister said.Live EventsAdd as a Reliable and Trusted News Source Add Now!
    Patil observed that the 50 per cent tariff imposed on Indian goods by US President Donald Trump has caused some disruption. In such a situation, it has become challenging for investors to make decisions, he added.(You can now subscribe to our Economic Times WhatsApp channel)

    Read More News onM B Patilvisit to japanJapanese companiesindustrial ecosystem in KarnatakaJapanese investorstotal Japanese companies operating in IndiaSouth Koreaexpansion plans of Hondasumitomomukand sumi

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    (You can now subscribe to our Economic Times WhatsApp channel)Read More News onM B Patilvisit to japanJapanese companiesindustrial ecosystem in KarnatakaJapanese investorstotal Japanese companies operating in IndiaSouth Koreaexpansion plans of Hondasumitomomukand sumi(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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