Is Japan’s Kubota Set to Invest Rs 2,000 Crore in Haryana?

Synopsis
Key Takeaways
- Kubota to invest Rs 2,000 crore in Haryana.
- Investment focuses on agricultural equipment manufacturing.
- Expected to create employment opportunities for local youth.
- Haryana is enhancing its industrial environment to attract investments.
- Delegation led by Nayab Singh Saini in Japan.
Chandigarh, Oct 8 (NationPress) A high-ranking delegation from Haryana, led by Chief Minister Nayab Singh Saini, visited the Kubota Tractor Plant in Osaka during their official trip to Japan on Wednesday.
During the visit, the Chief Minister engaged in extensive discussions with senior executives from the company regarding potential investments and opportunities for technical collaboration in the agricultural equipment manufacturing sector in Haryana.
In the course of the meeting, Kubota revealed plans to invest Rs 2,000 crore in Haryana in partnership with Escorts. This investment is anticipated to be a significant advancement for both the industrial and agricultural sectors in the state.
The investment is expected to introduce modern agricultural technologies to Haryana and create numerous job prospects for the local youth, as stated by the government.
The delegation included the state’s Minister for Industries and Commerce, Rao Narbir Singh, along with other senior officials such as Rajesh Khullar, Arun Kumar Gupta, Amit Kumar Agrawal, and Yash Garg.
The Chief Minister commended the company's cutting-edge manufacturing technologies and innovation-driven production system, noting that Haryana, being predominantly agricultural, has the potential to emerge as a significant hub for agricultural equipment manufacturing.
He extended an invitation for the company to invest in Haryana and establish a local manufacturing facility.
Kubota officials showed strong interest in investing in the state. The delegation also highlighted the government’s industry-friendly policies, emphasizing that Haryana is fostering a robust industrial environment to attract investors.
They mentioned that Haryana has implemented straightforward and transparent procedures for establishing industries, facilitating timely approvals for investors.