Japan's Marubeni Eyes High-Tech Industrial Park in Karnataka
ECONOMY & POLICY

Japan's Marubeni Eyes High-Tech Industrial Park in Karnataka

Japan's Marubeni Corporation has shown keen interest in establishing a cutting-edge industrial park, spreading over 720 acres near Vemagal in the Kolar district of Karnataka, as revealed by M B Patil, the State's Large and Medium Industries Minister. The estimated initial investment for this ambitious project stands at Rs 28 billion.

A delegation from the company recently met with Minister Patil to hold discussions regarding the venture. Patil expressed the government's enthusiasm to push the project forward and stated that important decisions would be made after a high-level meeting. 

The company representatives, during their presentation, emphasised the projected initial investment of Rs 28 billion, which they believed would attract an additional Rs 80 billion in the form of foreign direct investment (FDI). This influx of funds would raise the total investment to over Rs 100 billion and contribute to the creation of 40,000 job opportunities. The delegation also asserted that the project would contribute two billion US dollars to the economy of Karnataka.

Moreover, the Japanese Ministry of Economy, Trade, and Industry has already approved the project's feasibility report, further supporting its viability.

Marubeni Corporation, headquartered in Tokyo, has an impressive track record of developing high-tech industrial parks in countries like China, Thailand, and the Philippines. They have ongoing projects in Indonesia, Myanmar, Vietnam, and other nations as well. The company's expertise lies in catering to the demands of social infrastructure, health, wellness, and implementing digital and innovation strategies. Their focus extends to smart city development and decarbonisation in various sectors.

Japan's Marubeni Corporation has shown keen interest in establishing a cutting-edge industrial park, spreading over 720 acres near Vemagal in the Kolar district of Karnataka, as revealed by M B Patil, the State's Large and Medium Industries Minister. The estimated initial investment for this ambitious project stands at Rs 28 billion.A delegation from the company recently met with Minister Patil to hold discussions regarding the venture. Patil expressed the government's enthusiasm to push the project forward and stated that important decisions would be made after a high-level meeting. The company representatives, during their presentation, emphasised the projected initial investment of Rs 28 billion, which they believed would attract an additional Rs 80 billion in the form of foreign direct investment (FDI). This influx of funds would raise the total investment to over Rs 100 billion and contribute to the creation of 40,000 job opportunities. The delegation also asserted that the project would contribute two billion US dollars to the economy of Karnataka.Moreover, the Japanese Ministry of Economy, Trade, and Industry has already approved the project's feasibility report, further supporting its viability.Marubeni Corporation, headquartered in Tokyo, has an impressive track record of developing high-tech industrial parks in countries like China, Thailand, and the Philippines. They have ongoing projects in Indonesia, Myanmar, Vietnam, and other nations as well. The company's expertise lies in catering to the demands of social infrastructure, health, wellness, and implementing digital and innovation strategies. Their focus extends to smart city development and decarbonisation in various sectors.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code