Marubeni Corporation, a pioneering Japanese conglomerate, plans to invest Rs 10,800 crore in a high-tech industrial park on 720 acres in the Kolar district. The project aims to boost Karnataka's economy by $2 billion and create 40,000 jobs. The company presented its visionary blueprint to the State's Industries Minister, and discussions are underway to move the project forward. Marubeni already operates similar industrial parks in other countries and is exploring investments in Indonesia, Myanmar, and Vietnam. With diverse exposure across industries, Marubeni continues to inspire innovation and redefine progress on a global scale.
Marubeni Corporation, a pioneering Japanese conglomerate, envisions a ground breaking endeavour, investing a remarkable Rs 10,800 crore in a state-of-the-art industrial park, spanning a vast 720-acre expanse in Bavanahalli near Vemagal, Kolar district. This visionary initiative boasts an initial infusion of Rs 2,800 crore, coupled with an impressive foreign direct investment of Rs 8,000 crore, unveiling an unprecedented realm of possibilities. Once fully realized, this transformative project is set to catapult Karnataka's economy with an astounding addition of $2 billion, while concurrently ushering in a vibrant surge of 40,000 coveted employment opportunities.
The dynamic representatives of Marubeni Corporation, spearheaded by Shirozono Kazuaki, Dy. General Manager, Marubeni Corporation, the innovative Yoshida Takayuki, General Manager, Marubeni India Pvt. Ltd, and the forward-thinking Toyoda Takafumi, Project Manager - Next Generation Industrial Park, Marubeni Corporation, presented the visionary blueprint to the esteemed Large and Medium Industries Minister M.B. Patil on a momentous day, July 18. Embracing the resolute commitment to propel this transformative venture forward, Minister Patil expressed the government's fervent eagerness and decisive actions that shall ensue following a momentous high-level meeting. Promisingly, the proposed industrial zone development's feasibility report has gained approval from Japan's Ministry of Economy, Trade, and Industry, paving the way for further progress.
Steadfast in its pursuit of innovation, Marubeni Corporation has already established cutting-edge industrial parks across dynamic global landscapes, from China, Thailand, and the Philippines, with ongoing endeavours to explore similar ventures in Indonesia, Myanmar, and Vietnam. Hailing from the dynamic city of Tokyo, Marubeni Corporation and its dynamic subsidiaries encompass an expansive spectrum of industries, leaving an indelible mark on the lifestyle, IT solutions, food, agribusiness, forest products, chemicals, metals and mineral resources, energy, power, infrastructure projects, aerospace and shipping, finance, leasing and real estate business, construction, industrial machinery, and mobility sectors.
Radiating excitement, the recent press release celebrated Marubeni Corporation's earlier collaboration with the Karnataka state government through a Memorandum of Understanding (MoU) signed during the Global Investors Meet-2022. Captivated by Karnataka's allure as an investment haven, the corporation engaged in fruitful discussions with the delegates. Minister Patil, in a tweet, shared insights from the meeting, emphasizing the project's vision to cater to the high-tech sectors' infrastructure needs, enticing foreign direct investment (FDI), and acting as an investment anchor.
Embodying an unwavering spirit of visionary entrepreneurship, Marubeni Corporation continues to redefine the boundaries of progress, embracing a future where boundless possibilities intertwine with unparalleled growth, paving the way for a brighter tomorrow. In this pursuit of global impact, the conglomerate forges ahead with resilience, shaping industries and inspiring the world with its trailblazing endeavours.
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