Persevering with his japan tour, CM companies up funding price Rs 500 crore on third day
CHANDIGARH: Japanese metal big Aichi Metal agreed to develop its collaboration with Vardhman Particular Steels in Punjab, entailing an funding of Rs 500 crore, in accordance with an official assertion. Aichi Metal and Vardhman Particular Steels signed an MoU within the presence of Punjab Chief Minister Bhagwant Mann, who’s on a 10-day go to to Japan and South Korea. An official assertion quoting Mann stated it’s a red-letter day for the state because the Aichi Metal Company, higher referred to as the metal arm of Toyota, has inked this settlement to provide fillip to the economic improvement within the state. He stated Aichi Metal, which already holds about 24.9 per cent stake in Vardhman, is a key expertise associate, symbolising a powerful and evolving Indo-Japan partnership in Punjab’s industrial ecosystem. Mann stated the Japanese metal big will research future manufacturing facility operations in Punjab, together with a feasibility evaluation for an funding of about Rs 500 crore. In the meantime, Mann assured full help and cooperation to strengthen and develop Aichi Metal’s collaboration with Vardhman Particular Steels within the state. The CM prolonged an invite to Aichi’s management to take part within the Progressive Punjab Traders’ Summit — to be held in Mohali on March 13-15, 2026—to encourage deeper engagement and expanded investments. Mann stated the summit will showcase Punjab’s progress, carry collectively main industrial gamers, and current new alternatives for partnership and collaboration. He expressed hope that Japanese traders will be part of this summit in a giant means and additional speed up the economic improvement of the state. Mann is main a delegation to Japan and South Korea as a part of the state authorities’s outreach within the run-up to traders’ summit.
