M.B. Patil, Karnataka Minister for Large and Medium Industries and Infrastructure Development, with leading Japanese corporations to attract fresh investments and strengthen economic partnerships.
Japan’s Hosoda Holdings will establish a solar cell manufacturing unit in Karnataka at an estimated cost of ₹882 crore, Industries Minister M.B. Patil said on Friday.
The project will be implemented in collaboration with Tong Thar Energy Solutions (TTES). The agreement for the project was signed at the Global Investors Meet in February and initially, TTES had planned an investment of ₹490 crore.
During a meeting with Hosoda Holdings Chairman Nakamura San on Friday, Minister Patil said, the partnership with TTES has increased the total investment, and the project is expected to generate employment for 500 people in the State.
Mr. Patil confirmed that the size of the investment is now close to getting doubled and also welcomed the company’s decision, noting that, “It aligns with the State government’s focus on solar power generation.”
Meanwhile, Japanese sports equipment manufacturer Inabata has assured the visiting Karnataka delegation in Japan that it would start a unit in Karnataka in 2027. The delegation also confirmed that necessary land acquisition and approvals will be provided promptly.
Additionally, Tetsujikawa, another Japanese company specialising in engraving and die-cutting technology, informed the delegation about plans to expand its manufacturing operations in Karnataka.
Other than Mr. Patil, the high-level delegation included S. Selvakumar, Principal Secretary, Industries Department and Industries Commissioner Gunjan Krishna.
Published – September 12, 2025 09:47 pm IST