Bengaluru, 10 July

State secured Rs 6,450 crore in investment commitments from Japan and South Korea with potential to create more than 1,000 jobs, Minister MB Patil said on Wednesday. He was on a visit to the two countries from 24 June to 5 July.

The delegation he had led met industry leaders and conducted roadshows for Small and Medium Enterprises (SMEs).

He said the delegation met more than 35 industry leaders and 200 companies in the two roadshows conducted in Japan and South Korea.

In Japan, the delegation met with key industry leaders including those from Renesas Electronics Corporation, Toyota Motor Corporation, Yamaha Motor Company, Sumitomo Heavy Industries, Panasonic Energy, Nidec Corporation, Nissan Motor Corporation, Brother Industries, Shimadzu Corporation, and Hitachi, Patil said.

In South Korea, meetings were held with Samsung Electronics, LG Energy Solutions, LX Electronics, NIFCO Korea, OCI Holdings, Krafton, HYAC, Hyundai Motors, YG-1, and Hyosung Advanced Materials, among others.

Patil said Osaka Gas has committed to expanding its gas distribution infrastructure in State with an investment of Rs 5,000 crore over the next five years.

DN Solutions signed a Rs 1,000 crore MoU to establish a manufacturing facility for precision tools and automation systems, expected to create approximately 350 jobs.

Japanese automobile component supplier Aoyama Seisakusho too expressed its interest to invest Rs 210 crore to set up a manufacturing facility in the Japanese Industrial Township in the State, Patil said. PTI