The Karnataka government has agreed in-principle to establish a ‘Japanese village’ (exclusive industrial park for Japanese companies) near Bangalore, a senior industrial department official said on Thursday.
“Japanese companies would like to have an industrial park. So, they have asked for an area. We have in-principle agreed to that and will locate”, Commissioner for Industrial Development and Director for Industries and Commerce Raj Kumar Khatri told PTI.
A meeting of the dialogue and monitoring committee, chaired by Chief Secretary S V Ranganath, comprising senior officials from the State Government, five Japanese companies and JETRO (Japan External Trade Organisation), would be held here on December 10 to discuss the modalities.
The committee was formed after a meeting between Karnataka Chief Minister B S Yeddyurappa and a Japanese delegation last month to discuss necessary steps to address issues of infrastructure necessary for smooth and speedy Japanese investment, officials said.
Mr. Khatri said the proposed industrial park for Japanese investment would be on the lines of one existing in Thailand and Neemrana in Haryana.