1 week ago

Japanese Firms Expand Investment Plans in Uttar Pradesh

Japanese Firms Expand Investment Plans in Uttar Pradesh
Japan Bets Big On Uttar Pradesh As Japanese Firms Plan Major Investments · freepressjournal.in

Japanese and Indian companies are planning to invest more money in Uttar Pradesh.

They see the state as a good place to build factories, develop technology and sell products in India and abroad.

The companies praised its roads, airports, workers, government support and large market.

Spark Minda plans to expand its work in electric vehicles, electronics and auto parts.

It could create 6,000 to 8,000 new jobs in the state.

Lohum is planning two plants for magnets and battery materials.

These projects could add about ₹1,000 crore in investment and 1,000 jobs.

DENSO is also building in Noida after approving an investment of about ₹500 crore.

The companies said partnerships with Japan could bring advanced technology and training to Uttar Pradesh.

Key facts

Investment sectors
Electronics, semiconductors, auto components, electric vehicles, pharmaceuticals, advanced materials, manufacturing, sustainable aviation fuel and data centers.
Spark Minda employment plan
The company aims to create around 6,000 to 8,000 additional jobs in Uttar Pradesh as investments expand.
Lohum projects
Two new plants for rare-earth-based magnets and nickel-manganese-cobalt cathodes are expected to involve about ₹1,000 crore and create approximately 1,000 jobs.
DENSO investment
DENSO approved around ₹500 crore for a new Noida investment, expected to generate approximately 500 to 1,000 jobs.
Motherson presence
Motherson has around 175 plants in India, including 55 in Uttar Pradesh, and employs approximately one lakh people in the country.
L&T Semiconductor Global plan
The company discussed building an ecosystem intended to develop around 500 startups over five years.
Spark Minda presence
Spark Minda has operated in Uttar Pradesh for more than 40 years and employs more than 9,000 people in the state.

Quotes

Motherson Group President Sanjay Mehta

President of the Motherson Group, a global automotive components company

“"The investment prospects in Uttar Pradesh are extremely strong. Japan brings world‑class technology, global quality and precision manufacturing, while Uttar Pradesh offers scale, talent, infrastructure, policy support, a large market and a business‑friendly environment."”
freepressjournal.in
“the group 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

Japanese representative from a business group

Senior representative of a Japanese business conglomerate operating in India

“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
“"Uttar Pradesh has emerged as one of India’s fastest‑growing industrial centers. Kubota’s investment in Uttar Pradesh reflects the company’s long‑term confidence in the state’s potential."”
freepressjournal.in

Sources

Related news