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#Nidec Corporation announced a substantial investment of ₹600 crore in its Hubballi-Dharawad manufacturing facility
Delighted to meet Shri #MichaelBriggs, President of Nidec Motion & Energy, and the #NidecTeam in Bengaluru today, following up on the progress from our recent #Japan visit. During that visit, we secured Nidec’s ₹450 crore investment to establish a cutting-edge facility in #Hubballi, driving EV production for 2, 3 & 4 wheelers.
In today’s meeting, Nidec Corporation announced an additional ₹150 crore investment, expanding its Hubballi-Dharawad facility to a total of ₹600 crore. The 30-acre project will generate over 800 jobs and boost key sectors like EVs, data centres, and renewable energy.
We also discussed Nidec’s high-tech energy storage solution, which is crucial for storing electricity. This will be further explored with the State Energy Department to support Karnataka’s energy needs.
I extended a warm invitation to the team for #GIM2025, where we look forward to even greater collaborations.
#InvestInKarnataka #GlobalInvestorsMeet #ReimaginingGrowth
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