Japanese Firm Hosoda to Invest ₹882 Crore in Karnataka Solar Cell Plant
ಕರ್ನಾಟಕದ ಹಸಿರು ಭವಿಷ್ಯಕ್ಕೆ ಜಪಾನ್ ಹೊಸೊಡಾ ೮೮೨ ಕೋಟಿ ರೂ. ಸೌರೋರ್ಜೆ ಯೋಜನೆಯಿಂದ ಸತ್ಶಕ್ತಿ
Bengaluru: In a significant boost to Karnataka’s renewable energy sector, Japanese firm Hosoda Holdings will set up a solar cell manufacturing unit in the state with an investment of ₹882 crore. The project, announced by State Industries Minister M. B. Patil, represents a substantial increase from an initially planned investment of ₹490 crore.
The venture will be established in collaboration with Tong Thar Energy Solutions (TTES). The formal agreement was sealed during the state’s flagship Global Investors Meet held this February.
Investment and Employment Prospects Enhanced
The decision to significantly scale up the investment was confirmed during a meeting between Minister Patil and a high-level delegation from Japan, led by Hosoda Holdings Chairman Nakamura San, on Friday.
“The partnership with TTES has increased the total investment, and the project is expected to generate employment for 500 people in the state,” Minister Patil stated. He welcomed the company’s decision, noting that it aligns perfectly with the state government’s intensified focus on promoting solar power generation and building a robust manufacturing ecosystem for renewable energy technologies.
Japanese Delegation Confirms Broader Industrial Commitments
The visiting Japanese delegation also included assurances from other major corporations. Japanese sports equipment manufacturer Inabata confirmed that its planned unit in Karnataka is on track to commence operations by 2027. Minister Patil assured the delegation that the state government would facilitate all necessary land acquisition and regulatory approvals promptly to ensure these projects proceed without delay.
In another development, Tetsujikawa, a company specializing in advanced engraving and die-cutting technology, informed the ministers of its plans to expand its existing manufacturing operations within Karnataka.
State Assures Uninterrupted Support
The Karnataka government reiterated its commitment to providing a seamless and industry-friendly environment for all investors. The high-level meeting was attended by key officials including Dr. S. Selvakumar, Principal Secretary of the Industries Department, and Gunjan Krishna, Commissioner of Industries, underscoring the state’s proactive approach.
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This wave of investments from Japanese companies highlights Karnataka’s growing stature as a preferred destination for high-tech and renewable energy manufacturing. The state’s consistent policy support and infrastructure development are seen as key factors in attracting foreign capital, positioning it at the forefront of India’s green industrial revolution.
