Japan’s Hosoda to invest Rs 882 crore in Karnataka, says MB Patil

Japan’s Hosoda Holdings will establish a solar cell manufacturing unit in Karnataka at an estimated cost of Rs 882 crore, Industries Minister MB Patil

The project will be implemented in collaboration with Tong Thar Energy Solutions (TTES). Initially, TTES had planned an investment of Rs 490 crore. The agreement for the project was signed at the Global Investors Meet in February.

Also, read: Karnataka receives Rs 10.27 lakh crore investment proposals during investors' meet, likely to generate 6 lakh jobs

During a meeting with Hosoda Holdings Chairman Nakamura San on September 12,  Patil said that the partnership with TTES has increased the total investment, and the project is expected to generate employment for 500 people in the state .

Patil confirmed the investment increase and welcomed the company’s decision, noting it aligns with the state government’s focus on solar power generation.

Japanese sports equipment manufacturer Inabata has assured the Karnataka delegation that its unit will start operations by 2027. The delegation also confirmed that necessary land acquisition and approvals will be provided promptly.

Additionally, Tetsujikawa, a company specialising in engraving and die-cutting technology, informed the delegation about plans to expand its manufacturing operations in Karnataka.