1 week ago
Japan, Uttar Pradesh Deepen Industrial Partnership Through New Investments
Japanese and Indian business leaders met to discuss more cooperation in Uttar Pradesh.
They talked about making products, developing technology and building new factories.
The sectors included cars, electric vehicles, medicines, electronics, semiconductors and cleaner aviation fuel.
Companies said Uttar Pradesh has useful roads, infrastructure, workers and government support.
Several businesses want to expand their existing facilities or build new ones.
Lohum plans two plants that could create about 1,000 jobs.
DENSO is also building a new project in Noida with an investment of about ₹500 crore.
The companies also asked for more worker training and support for research and innovation.
Japanese and Indian business leaders discussed investments in electronics, semiconductors, automobiles, EVs, pharmaceuticals, data centers and other sectors.
Companies cited Uttar Pradesh’s infrastructure, connectivity, skilled workforce and government support as reasons for investing in the state.
An auto-component company plans to invest on more than 50 acres to produce electronic and EV components with Japanese partners.
Lohum’s two planned plants are expected to bring about ₹1,000 crore in investment and create approximately 1,000 jobs.
DENSO has approved a roughly ₹500 crore Noida investment, potentially generating 500 to 1,000 employment opportunities.
- Who
- Japanese and Indian business leaders, including representatives of Motherson Group, Lohum, L&T Semiconductor Global and DENSO, along with Uttar Pradesh officials.
- What
- A roundtable discussed strengthening Japan-Uttar Pradesh industrial cooperation and expanding investments across several sectors.
- Where
- The meeting was held in New Delhi; the proposed and existing projects are in Uttar Pradesh, including Noida and Greater Noida.
- When
- Why
- To deepen economic and technology partnerships, attract investment, expand manufacturing and supply chains, and create jobs.
Key facts
- Investment sectors
- Electronics, semiconductors, auto components, electric vehicles, pharmaceuticals, advanced materials, manufacturing, sustainable aviation fuel and data centers.
- Lohum projects
- Two planned plants are expected to involve about ₹1,000 crore in additional investment and create approximately 1,000 jobs.
- DENSO investment
- DENSO has approved approximately ₹500 crore for a new Noida project, expected to create 500 to 1,000 jobs.
- Motherson presence
- Motherson Group has about 175 plants in India, including 55 in Uttar Pradesh, and employs approximately one lakh people in India.
- L&T startup plan
- L&T Semiconductor Global plans an ecosystem aimed at developing around 500 startups over the next five years.
- Auto-component expansion
- An auto-component company plans to invest on more than 50 acres to manufacture electronic and EV components through joint ventures with Japanese companies.
- DENSO skilling
- DENSO said around 400 young people have been connected with and trained by the company from the college level.
Quotes
Motherson Group President Sanjay Mehta
President of Motherson Group, a global automotive components manufacturer
“The company has around 175 plants in India, of which 55 are located in Uttar Pradesh and employs approximately one lakh people in the country.”
freepressjournal.in
“The company has recently approved a new investment of around ₹500 crore in Noida, with construction activities already underway.”
freepressjournal.in
Japanese representative from the pharmaceutical sector
Spokesperson of a Japanese pharmaceutical firm
“India is not merely an investment destination for Japanese companies but also offers significant long-term opportunities for business development, supply chains, exports and imports, and technology partnerships.”
freepressjournal.in
Sources
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