Marubeni keen on Japanese industrial hub in Future City for developing electronics, defence sectors
Marubeni Corporation to set up an industrial park in 600 acres with an initial investment of Rs 1,000 crores in Future City
By Newsmeter Network
Hyderabad: CM Revanth Reddy with business leaders in Tokyo
Tokyo: On his official visit to Tokyo, chief minister A Revanth Reddy met with the senior leadership of Marubeni Corporation and discussed setting up an industrial park in 600 acres with an initial investment of Rs 1,000 crores.
Marubeni Corporation is a prominent Japanese multinational with a diverse global footprint across sectors such as energy, infrastructure, transport, real estate, healthcare, trading, and more.
Aiming for 30,000 jobs
The industrial park will focus on developing sectors such as electronics, green pharma, precision engineering, aerospace and defence. The initiative is projected to generate around 30,000 direct and indirect jobs, enhancing local employment and skill development.
Following productive discussions, Marubeni expressed a strong interest in establishing a world-class, next-generation industrial park in Telanganaās upcoming āFuture Cityā. A Letter of Intent (LoI) was formally signed and exchanged with the Telangana government, supported by a detailed investment proposal from Marubeni.
The industrial park will be a nodal point for manufacturing operations
The industrial park will be developed in phases and will serve as a dedicated zone for Japanese and global companies to set up manufacturing operations in Hyderabad, with the potential to attract over Rs 5,000 crore in total investments.
The Marubeni Industrial Park will focus on high-growth sectors such as electronics, Green Pharma, Precision Engineering, Aerospace, and Defenceākey areas aligned with Telanganaās strategy to attract foreign investment and foster advanced manufacturing.
āTelangana is top choice for global investorsā
āThis industrial park will be one of the first major developments in Indiaās first Net Zero city. We are committed to providing Marubeni with full support and ensuring a seamless business experience in Telangana. Our historical ties with Japan make this partnership even more meaningful,ā said CM Revanth Reddy, welcoming Marubeni to the Future City.
He added, āTelangana continues to be a top choice for global investors, thanks to our progressive policies, strong infrastructure and focus on innovation. This partnership with Marubeni reinforces our status as a premier destination for advanced manufacturing.ā
Marubeniās executive officer and COO of Next Generation Business, Dai Sakakura, expressed optimism about the collaboration: āWe are inspired by chief minister Revanth Reddyās vision for Telangana and are eager to explore early opportunities in the Future City.ā
About Marubeni
Marubeni Corporation operates across 65 countries through more than 410 group companies and employs over 50,000 people globally. With leadership across a wide range of industriesāfrom food and lifestyle to infrastructure, energy, and mobilityāthe companyās entry into Telangana marks a major milestone in strengthening Indo-Japanese economic ties.
CM visits Sony headquarters
In a separate event, the official āTelangana Risingā delegation led by CM Revanth Reddy, visited the headquarters of Sony Corporation here on Thursday.
The officers of the Sony Corporation showcased several new initiatives at Sony and detailed their workings, including new products, to the delegation. The delegation also held detailed discussions on the animation subsidiary of the company, Crunchyroll.
The delegation explained the strengths of Hyderabad in the animation, VFX and gaming sectors. The CM outlined his vision for the setting up of a modern film city, which would have the capability of end-to-end production.