Investment Key factors :
Total investment: ₹600+ crore | Area: 30 acres
Creating 800+ direct jobs
Significant boost to sectors such as EVs, data centres & renewable energy
On track for completion by mid-2025
Manufacturing units: Alternators, motors, system solutions, and drives for data centres, electric vehicles, and elevators
Nidec the company committed an initial investment of ₹450 crore to establish an EV production facility in Hubballi during Minister MB Patil Japan Tour last year.
Following subsequent discussions, Nidec announced an additional investment of ₹150 crore, bringing the total to ₹600 crore.
Projects like these highlight Karnataka Governments commitment to employment generation, balanced growth, global partnerships, and industrial advancement.
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