Japan’s Sumitomo Heavy Industries (SHI) will open its office in Bengaluru, said Karnataka Minister for Large and Medium Industries MB Patil on June 25.
Patil met key executives of SHI, including Tetsuya Okamura, chairman and representative director.
“SHI is planning to open its office in Bengaluru. They highlighted their engagement with major clients like Siemens and GE for MRI diagnostic equipment, anticipating swift growth in the MedTech sector, and welcomed the Karnataka government's support in connecting with local companies to bolster this expansion,” said Patil in a statement.
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"The discussion also covered SHI's significant presence in the construction equipment sector, leveraging Karnataka's strong capital goods infrastructure, and their exploration of local manufacturing as their market presence in India grows,” added Patil.
“SHI expressed keen interest in India's semiconductor industry, planning to explore semiconductor equipment manufacturing as the ecosystem matures,” Patil stated.
Patil highlighted Karnataka's robust industrial ecosystem, favorable business climate, and progressive policies that make it an ideal investment hub for global companies.
The discussions also emphasised the potential for collaboration in sectors such as electronics, heavy machinery, and sustainable infrastructure development. In addition to the high-level meetings, Patil led a roadshow in Japan to showcase the state's investment potential.
Patil also held a meeting with Rio Waza from Daiki Axis, during which an MoU was signed to set up an STP and wastewater management equipment manufacturing facility in Karnataka. "They explored land options in Doddaballapur and Tumakuru. They will visit the Japanese Industrial Township (JIT) in Tumakuru and shortlist a 4-acre land parcel," said a statement from minister's office.
“The Government of Japan's Johkasou technology, a decentralized wastewater treatment approach with over four decades of successful use in Japan, will be deployed by the Daiki Axis facility to ensure water conservation and relieve pressure on water resources in Karnataka,” said Patil.
Patil held a strategic meeting with Renesas Electronics, engaging with key executives including Charles Kawashima, vice president of Direct Organization (CEO).
Renesas Electronics, currently operating an R&D Center in Bengaluru, is exploring partnering with the Karnataka government to support its plans. "They discussed how Karnataka could support these future endeavors, focusing on developing a comprehensive ecosystem and leveraging skilled workforce availability in tier 2 cities like Mysuru and Hubblli-Dharwad to optimize manufacturing costs," the statement added.
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