Press Esc to close
Monday 06 July 2015
News updated at 2:21 AM IST
Weather
Max: 33°C
Min : 20°C
In Bengaluru
Partially cloudy

FDI inflow in Bangalore around USD 9.3 bn in last 10 years

Bangalore, Feb 28, 2013 (PTI)

Bangalore has witnessed FDI inflow of around USD 9.3 billion in last ten years and investment from Japan comprises around 15 to 20 per cent, a Japanese expert today said.

Though majority of Japanese investment is happening in auto and engineering sector from Japan, it is also happening in other varied sectors like construction equipment, IT and electronics, infrastructure and hospitality, among others, Japan External Trade Organisation (JETRO) Chief Director General Naoyoshi Noguchi told reporters here.

In addition to Toyota and Honda, two-wheelers and their component suppliers like Aisin, Japanese companies like Sony, Komatsu and Hitachi are also intensifying their activities in the state, the official said.

Some significant upcoming investments are happening in social sectors, Noguchi said adding 'Secom' is establishing the first Japanese Hospital in India by April next year forming a joint venture with Toyota Tsusho and Kirloskar Group with an investment of around Rs 154 crore.

Similarly, Toyota Enterprise, a subsidiary of Toyota Group involved in hospitality business, has joined hands with Bangalore Hyagreeva Group and is in the process of renovating The Chancery Hotel as a Japanese business hotel which will be operational by January next, Noguchi said.

Bangalore is housing around 230 Japanese companies and added around 50 new companies in last one year, Noguchi said.

On an average, the number of Japanese companies is increasing at a rate above 20 per cent every year, he added.

Number of Japanese expats living in Bangalore is approximately 900 which is highest after the Delhi region, Noguchi said. 


Go to Top

Photo Gallery
'Umbrella Workshop' where people paint umbrellas with colors in Navi Mumbai...

'Umbrella Workshop' where people paint umbrellas with colors in Navi Mumbai...

Visitors looking the BSF weapons on the occasion of the 50th anniversary of the BSF...

Visitors looking the BSF weapons on the occasion of the 50th anniversary of the BSF...

Mobile app ' Namma Bellad' launched in Bengaluru...

Mobile app ' Namma Bellad' launched in Bengaluru...

Sadhvi Niranjan Jyoti feeds cows during her visit to Gir Seva Goshala in Ahmedabad...

Sadhvi Niranjan Jyoti feeds cows during her visit to Gir Seva Goshala in Ahmedabad...

An highly decorated Vruksha hall during the 'BJP Maha Samparka Abhiyan 2015'...

An highly decorated Vruksha hall during the 'BJP Maha Samparka Abhiyan 2015'...

A fire broke out at Sony manufacturing plant in Navi Mumbai on Sunday...

A fire broke out at Sony manufacturing plant in Navi Mumbai on Sunday...

Pilgrims crosses the mountains as they move towards Amarnath Holy Cave Shrine...

Pilgrims crosses the mountains as they move towards Amarnath Holy Cave Shrine...

A Kashmiri Muslim woman offers noon prayers in the ruins of an ancient Hindu temple...

A Kashmiri Muslim woman offers noon prayers in the ruins of an ancient Hindu temple...

A security man keeps vigil on the mountains near Amarnath Holy Cave Shrine 3880 meters high...

A security man keeps vigil on the mountains near Amarnath Holy Cave Shrine 3880 meters high...

An Indian boy practices Mallakhamb, a traditional Indian gymnastic sport...

An Indian boy practices Mallakhamb, a traditional Indian gymnastic sport...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523