Karnataka nets Rs 6,450 crore investment commitment from Japan and South Korea: Minister MB Patil
Bengaluru, Jul 10: Karnataka has secured Rs 6,450 crore in investment commitments from Japan and South Korea with potential to create more than 1,000 jobs, Minister M B Patil said on Wednesday.
The Large and Medium Industries and Infrastructure Development Minister was on a visit to the two countries from June 24 to July 5.
The Karnataka delegation he had led met industry leaders and conducted roadshows for Small and Medium Enterprises (SMEs).
“We have received investment commitments and MoUs worth Rs 6,450 crore. These commitments from six major companies are projected to create over 1,000 jobs in Karnataka,” Patil told reporters.
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He said the delegation met more than 35 industry leaders and 200 companies in the two roadshows conducted in Japan and South Korea.
In Japan, the delegation met with key industry leaders including those from Renesas Electronics Corporation, Toyota Motor Corporation, Yamaha Motor Company, Sumitomo Heavy Industries, Panasonic Energy, Nidec Corporation, Nissan Motor Corporation, Brother Industries, Shimadzu Corporation, and Hitachi, Patil said.
In South Korea, meetings were held with Samsung Electronics, LG Energy Solutions, LX Electronics, NIFCO Korea, OCI Holdings, Krafton, HYAC, Hyundai Motors, YG-1, and Hyosung Advanced Materials, among others.
Patil said Osaka Gas has committed to expanding its gas distribution infrastructure in Karnataka with an investment of Rs 5,000 crore over the next five years.
DN Solutions signed a Rs 1,000 crore MoU to establish a manufacturing facility for precision tools and automation systems, expected to create approximately 350 jobs.
Japanese automobile component supplier Aoyama Seisakusho too expressed its interest to invest Rs 210 crore to set up a manufacturing facility in the Japanese Industrial Township in the State, Patil said.
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Train to Kashmir: 22-bogie train's trial run successful on Katra-Srinagar line
Jammu: A 22-bogie train chugged between Katra and Srinagar railway stations on Sunday, officials said, marking the first successful trial run on the newly completed line to connect Kashmir with the rest of the country via rail.
The train, comprising 18 AC coaches, two luggage carriers and two engines, left the Katra railway station at around 8 am, successfully reaching its destination within four hours under the watchful eyes of the railway authorities, the officials said.
This was the first trial run between Katra and Srinagar, and came within six days after the Commissioner of Railway Safety (Northern Circle) Dinesh Chand Deshwal authorised the opening of the newly constructed Broad Gauge line.
He had given the authorisation for the start of public carriage of goods and passenger traffic in a seven-page letter to the ministry and railway authorities, based on his detailed inspection of the track on January 7 and 8.
The CRS referred to his inspection of the newly constructed BG line between the Katra and Reasi section by a motor trolley and on foot, followed by a speed trial on the entire section from Katra to Banihal.
He had then authorised regular opening of the section for passengers and freight traffic at a maximum permissible speed of 85 Kmph on the main line and 15 Kmph on turnout.
The work on the dream project to link Kashmir by train was started in 1997 and it missed several deadlines given geological, topographical and meteorological challenges.
Out of the total 272 km Udhampur-Srinagar-Baramulla Rail Link (USBRL) project, 209 km was commissioned in phases with the first phase of the 118 km Qazigund-Baramulla section commissioned in October 2009, followed by 18 km Banihal-Qazigund in June 2013, 25 km Udhampur-Katra in July 2014 and 48.1 km long Banihal-Sangaldan stretch in February, last year.
The work on the 46-km Sangaldan-Reasi section was also completed in June last year, leaving a total of 17 km stretch between Reasi and Katra. And this section was finally completed in December 2024 as announced by the Railway minister Ashwini Vaishnaw.
On January 4, a successful trial run of an electric train was successfully conducted on the Katra-Banihal section. The railways has conducted six trials over the past month on various segments of the track, including the two major milestones of the Anji Khad and Chenab bridges.
Katra-Srinagar Rail Link: First 18-Coach Train Completes Trial Run Successfully pic.twitter.com/p68axcUClX
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