- Hosoda Holdings invests ₹882 Cr in Karnataka solar cell unit with TTES.
- Project to create 500 jobs; aligns with state’s solar power focus.
- Inabata & Co unit starts 2027; Tsujikawa plans manufacturing expansion.
Japanese Hosoda Holdings will be setting up unit to make solar cells in Karnataka so their investment will be ₹882 crore, in partnership with Tong Tar Energy Solutions (TTES), said State Industries Minister M B Patil, on September 13, 2025. Initially the project was supposed to be ₹490 crore, but the agreement was signed in February, at the Global Investors Meet. The increased investment was confirmed after a meeting with Hosoda Holdings Chairman Nakamura. The project supports Karnataka's focus on generating solar energy and is expected to create approximately 500 jobs for the state consistent with the renewable energy sector strategy.
The minister welcomed the decision, considering its value to the state's green energy objectives. The Karnataka delegation had assured prompt acquisition of land and compliance approvals to expedite the implementation of the project. This is a positive development that emphasizes the growing interest by the Japanese in the Karnataka industrial ecosystem, supported by the state's positive policies on renewable manufacturing.
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In other developments, Inabata & Co one of the leading Japanese sports equipment manufacturers, told the delegation that its unit in Karnataka will start operating by the year 2027, deepening bilateral ties. Davinder Singh, the founder of Tsujikawa India - a company specializing in engraving and die-cutting technology - advised he would be seeking to increase manufacturing capabilities in the state, potentially assisting in developing precision engineering capabilities. These statements reflect Karnataka's attraction for incoming international investments in sectors from renewables to advanced manufacturing, creating jobs and economic activity.
The solar unit initiative places Karnataka prominently in renewable energy leadership in India, with Hosoda Holdings' participation reflecting a vote of confidence in in-state support and infrastructure for sustainable technologies.