Separate location for Japanese industries mooted

Separate location for Japanese industries mooted

Japanese delegation visits Tumkur industrial area

The demand (for the park), which was made by representatives from the Land of Rising Sun comes as no surprise. For, Karnataka seems to be a preferred location for the Japanese –– with 107 out of the 840 Japanese firms in the country located here.

The proposal, which was first made in December last year as part of the Dialogue Committee (set up between the government, five Japanese firms and Jetro) meeting –– was granted an in-principle approval by the government then –– and will be taken forward in the second meeting scheduled in the first week of February.

According to senior state officials and sources from the Japan & Japan External Trade Organisation (Jetro), a Japanese delegation has paid visit to the proposed land in Tumkur industrial area and has committed to take the proposal further in the second meeting. With one Japanese firm, System Consultants, already functioning at the Tumkur industrial area, the government has proposed the same area for the park, and sources say that the delegation has expressed content.

However, details of the number of firms going to invest in the area and others are yet to be finalised, they said, adding that Jetro is in talks with firms from Japan and the state is confident of the success. Further, sources said that the investment could be made either through expansion plans of the existing Japanese firms or fresh investments. Similarly, sources from Jetro also expressed confidence in executing the proposal, as they have already done in a similar project in North India.