• Karnataka to set up 500-acre exclusive township for Japanese firms: CM Siddaramaiah

    Karnataka will develop an exclusive Japanese International Township (JIT) in a 500-acre plot in Tumakuru district, which is about an hour’s drive from Bengaluru.

    The township will come up at Vasantha Narasapur, and it will host only Japanese firms, Chief Minister Siddaramaiah said here on Thursday after opening the new engine unit of the Toyota Industries Engine India at Jigani on the city outskirts.

    The Chief Minister hailed Japan as a sturdy partner with Karnataka, and more than 400 Japanese firms operate here, making Karnataka one of the largest clusters for Japanese companies in India.

    Toyota Mitsubishi Engineering Industrial Corporation (TMEIC) and Mitsubishi Elevators are some of the Japanese companies that recently established their plants in the State. The government, the CM said, has been supporting Japanese investors by project facilitation mechanisms in the Industries department by constantly reviewing the progress. Nathan Beaulieu Jersey

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