Japanese conglomerate Marubeni Corporation has signed a Letter of Intent with the Telangana government to develop a next-generation industrial park in the state’s upcoming Future City. The announcement was made during the official visit of the Telangana Rising delegation, led by Chief Minister A Revanth Reddy, to Japan.

Marubeni has proposed an initial investment of Rs 10 billion to develop the industrial park in phases over 600 acres. The park will cater to Japanese and other multinational firms seeking to establish manufacturing operations in Hyderabad.

The proposed development is expected to draw additional investments exceeding Rs 50 billion and generate around 30,000 direct and indirect employment opportunities.

According to officials, the park will focus on sectors such as electronics, green pharma, precision engineering, aerospace, and defence — all key to Telangana’s goal of becoming a hub for advanced manufacturing and high-skill jobs.

During the visit, the delegation also met executives at Sony Corporation’s Tokyo headquarters and explored future collaborations in animation, visual effects, and gaming. Chief Minister Reddy also presented his vision for building a modern film city with full-scale production capabilities in Hyderabad.

Source: The Hindu BusinessLine