Toyota Kirloskar to invest Rs 1,200 crore at KWIN City in Karnataka

Bengaluru: Japanese automaker Kirloskar Motor will establish its first-of-its-kind global ‘BizIntel Hub’ at KWIN City, the Karnataka government’s flagship being built between Dabaspete and Doddaballapura, with an initial investment of Rs 1,200 crore over five years.

The MoU was signed Monday in Bengaluru in the presence of chief minister Siddaramaiah and large and medium industries minister MB Patil, the industries department said in a statement.

The BizIntel Hub will span 300 acres and house vehicle manufacturing, testing operations and an advanced . The project is expected to generate around 200 jobs, with the state allotting 300 acres of land to Toyota for the purpose.

Chief minister Siddaramaiah assured full state support for the investment and said he was delighted to learn it would be the first facility of its kind in the world.

“This is the first major investment to materialise in KWIN City,” minister Patil said in the statement. Innovation, healthcare and information technology will be the city’s three core focus areas.

Seven to eight globally reputed universities, healthcare institutions and research organisations have already expressed interest in setting up presence there, with agreements expected to be finalised soon, he added.

The city is being developed in phases across 5,800 acres, with Phase 1 already under way, the statement said. The overall project is projected to attract investments of Rs 48,000 crore and generate nearly one lakh jobs.

Industries commissioner Khushboo Goel, Karnataka Industrial Areas Development Board (KIADB) CEO Govind Reddy, Toyota chief technical officer Yoshinori Noritake and senior company representatives were present at the event.