BENGALURU: A second Japanese Industrial Park will be established at Vasanthanarasapura in Tumakuru along the Chennai-Bengaluru Industrial Corridor, Gunjan Krishna, Commissioner, Industrial Development and CEO of Invest Karnataka Forum, announced during the India Japan Business Summit (IJBS) on Thursday. She also said that the Karnataka government will soon introduce a new clean mobility policy.
The commissioner mentioned that this development comes in response to the growing demand for space from Japanese companies investing in Bengaluru. “The park aims to further boost bilateral business collaborations between India and Japan,” Gunjan said, further revealing that the Government of Karnataka will soon introduce a new clean mobility policy that will not only support electric vehicles (EVs) but also promote hydrogen and hybrid vehicles.
Nakane Tsutomu, Consul General of Japan in Bengaluru, announced that Japan will invest 5 trillion Yen in India over the next five years.
The Global Investors Meet, scheduled for February 12-14, will focus on the growth of Micro, Small, and Medium Enterprises (MSMEs) in Karnataka and Japan.
The summit also featured two panel discussions - ‘Reimagining Growth with Japan: Expectations and Possibilities’ and ‘Challenges and Remedies to Accelerate Cooperation between SMEs in India and Japan’.
These sessions addressed the strategic advantages of enhancing bilateral cooperation and explored solutions to accelerate the growth of SMEs in both nations.