Continuing his japan tour, CM firms up investment worth Rs 500 crore on third day CHANDIGARH: Japanese steel giant Aichi Steel agreed to expand its collaboration with Vardhman Special Steels in Punjab, entailing an investment of Rs 500 crore, according to an official statement.Aichi Steel and Vardhman Special Steels signed an MoU in the presence of Punjab Chief Minister Bhagwant Mann, who is on a 10-day visit to Japan and South Korea. Indo-Pacific Needs ‘Strategic Anchors’, Says Jaishankar As India-Japan Pact Gains Urgency An official statement quoting Mann said it is a red-letter day for the state as the Aichi Steel Corporation, better known as the steel arm of Toyota, has inked this agreement to give fillip to the industrial development in the state.He said Aichi Steel, which already holds about 24.9 per cent stake in Vardhman, is a key technology partner, symbolising a strong and evolving Indo-Japan partnership in Punjab’s industrial ecosystem.Mann said the Japanese steel giant will study future factory operations in Punjab, including a feasibility assessment for an investment of about Rs 500 crore.Meanwhile, Mann assured full support and cooperation to strengthen and expand Aichi Steel’s collaboration with Vardhman Special Steels in the state.The CM extended an invitation to Aichi’s leadership to participate in the Progressive Punjab Investors’ Summit — to be held in Mohali on March 13-15, 2026—to encourage deeper engagement and expanded investments.Mann said the summit will showcase Punjab’s progress, bring together leading industrial players, and present new opportunities for partnership and collaboration.He expressed hope that Japanese investors will join this summit in a big way and further accelerate the industrial development of the state.Mann is leading a delegation to Japan and South Korea as part of the state government’s outreach in the run-up to investors’ summit.End of ArticleFollow Us On Social MediaVideosShashi Tharoor Says Strengthening Russia Ties Won’t Affect Relations With US, China‘Light Of My Life’ Swaraj Kaushal Passes Away At 73; Daughter Bansuri Pays Heartfelt TributePM Modi Breaks Protocol, Receives Vladimir Putin With A Hug, Shares Car In Big India-Russia MomentPutin Visit To Boost India-Russia Trade To New Highs, Says WTC ChairmanPiyush Goyal Hails Russia As India’s Trusted Friend, Urges Removal Of Trade BarriersIndia And Russia Boost Military Ties As Rajnath Singh Highlights Strategic Tech PartnershipAfghanistan FM Muttaqi Defends India Ties, Slams Pakistan Over Deoband Row And Shifting Accusations“I Supported You Twice, But Never Again” Nitish Kumar Hits Out At RJD‘Not Handcuffed, But Mistreated’: Jaishankar Replies To SP MP On Harjit Kaur’s Deportation From US’Modi Ji Doesn’t…’: Rahul Gandhi Accuses Govt Of Blocking Meet With Putin, Calls It ‘Insecurity’123PhotostoriesNature’s rainbow feathered wonders: 5 colourful birds that paint the sky as they fly5 love quotes from Jane Austen that feel like a warm hug on a winter evening5 foods you should not cook in an iron kadhaiThe Spiritual Meaning of Angel Numbers You Keep SeeingRekha and Kajol to Aishwarya Rai: When Bollywood magazine covers went too far, and made historyCould it be cholesterol? When walking feels harder than it shouldMadhuri Dixit to Yami Gautam: The 5 hottest fashion looks of the dayObsessed with true crime? It might be your psychic intuition trying to speak10 lesser known winter dishes from across India’Akhanda 2’: Five reasons why you can’t miss the Nandamuri Balakrishna starrer in theaters123Hot PicksIndigo Flight DelayPutin India VisitWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingStephen Curry WifeNBA Trade RumorsNHL Match TodayMike TysonNHL Trade RumorCardi BTravis KelceStephen CurryJeffery SimmonsJayden Daniels
CHANDIGARH: Japanese steel giant Aichi Steel agreed to expand its collaboration with Vardhman Special Steels in Punjab, entailing an investment of Rs 500 crore, according to an official statement.Aichi Steel and Vardhman Special Steels signed an MoU in the presence of Punjab Chief Minister Bhagwant Mann, who is on a 10-day visit to Japan and South Korea.
An official statement quoting Mann said it is a red-letter day for the state as the Aichi Steel Corporation, better known as the steel arm of Toyota, has inked this agreement to give fillip to the industrial development in the state.He said Aichi Steel, which already holds about 24.9 per cent stake in Vardhman, is a key technology partner, symbolising a strong and evolving Indo-Japan partnership in Punjab’s industrial ecosystem.Mann said the Japanese steel giant will study future factory operations in Punjab, including a feasibility assessment for an investment of about Rs 500 crore.Meanwhile, Mann assured full support and cooperation to strengthen and expand Aichi Steel’s collaboration with Vardhman Special Steels in the state.The CM extended an invitation to Aichi’s leadership to participate in the Progressive Punjab Investors’ Summit — to be held in Mohali on March 13-15, 2026—to encourage deeper engagement and expanded investments.Mann said the summit will showcase Punjab’s progress, bring together leading industrial players, and present new opportunities for partnership and collaboration.He expressed hope that Japanese investors will join this summit in a big way and further accelerate the industrial development of the state.Mann is leading a delegation to Japan and South Korea as part of the state government’s outreach in the run-up to investors’ summit.