Japanese Firms Confirm Rs 4,000 Cr Investment to Power Karnataka’s Industrial Growth

Bengaluru, September 16, 2025: In a recently concluded delegation to Japan, Karnataka Large and Medium Industries Minister MB Patil announced investments worth Rs 4,000 Cr to strengthen the state’s existing industrial ecosystem further. The delegation led by him was very promising, as many of the investments are made by some of the leading names in Japan. Expressing his satisfaction, the minister noted that Japanese investors carefully consider investment options. He was also proud that 50 per cent of the total number of Japanese companies operating in India were based in Karnataka.

The delegation led by Minister MB Patil included dignitaries such as Principal Secretary, Department of Commerce and Industries, Selvakumar S, and Commissioner for Industrial Development and Director, Department of Industries and Commerce, Gunjan Krishna, apart from other senior officials

The three major companies that the delegation met were Sumitomo, JFE Shoji and Yaskawa. All these companies have assured fresh investments and collaborations with the state in order to boost Karnataka’s industrial prospects.

Sumitomo, Bajaj to Invest ₹2,345 Cr in Koppal Steel Plant

Sumitomo has confirmed to invest Rs 2,345 crore in a steel manufacturing unit in Koppal through the joint collaboration with Bajaj Group named Mukanda Sumi. With an annual capacity of 3,50,000 tonnes of iron and steel, the unit is expected to begin operations by 2028

JFE Shoji Eyes NGEF Revival

During the talks with JFE Shoji, the delegation discussed about reviving the Hubballi-based New Government Electrical Factory (NGEF). JFE is considered to be at the forefront of power converter manufacturing. Top senior officials from the company will soon pay a visit to the Hubballi unit for preliminary discussions regarding the NGEF revival. Additionally, the company assured a separate Rs 400 crore project to manufacture motor cores used in battery-powered and electric vehicles (BEVs/EVs). The meeting saw a strong representation by the company’s senior management including Hiroshi Lijima, General Manager, Machinery Division, JFE Shoji Company, Hidekasu Yoshioko, Manager, Electrical Appliances Steel Planning Division, and other officials.

Yaskawa to Set Up Motion Control & VFD Unit

Yaskawa confirmed its investment for establishing a motion control and variable frequency drives unit in Bengaluru. During the discussion with Yaskawa, the latter confirmed its investment to the state delegation for establishing a motion control and variable frequency drives unit in Bengaluru. The minister said this will strengthen Karnataka’s position as a hub for advanced manufacturing technology.

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