MoU signed for Toyota BizIntel Hub in KWIN City with ₹1,200 crore investment
Toyota Kirloskar Motor has signed a Memorandum of Understanding to establish its BizIntel Hub in KWIN City, Bengaluru, with an investment of ₹1,200 crore. This facility will be the first of its kind globally and is expected to generate around 200 jobs. The project aims to attract further investments and develop the city in phases across 5,800 acres.
- ▪Toyota will invest ₹1,200 crore over the next five years for the BizIntel Hub.
- ▪The project will generate approximately 200 jobs and cover around 300 acres of land.
- ▪KWIN City aims to attract investments worth ₹48,000 crore and create nearly one lakh jobs.
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In the first major investment to materialise in Bengaluru’s KWIN City, Toyota Kirloskar Motor will establish its global-standard BizIntel Hub. KWIN City is being developed by the State government between Dobbspet and Doddaballapur, with an investment of ₹1,200 crore.The agreement was signed on Monday (May 25) by Principal Secretary of the Industries Department S. Selvakumar and Toyota’s COO and director of Special Projects, Sudeep Dalvi. Chief Minister Siddaramaiah and Large and Medium Industries Minister M.B. Patil were present.The Chief Minister announced that this would be the first facility of its kind in the world.Mr. Patil said the company will invest ₹1,200 crore as initial capital over the next five years, generating around 200 jobs.
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