Karnataka Chief Minister Basavaraj Bommai on Saturday called on Toyota Kirloskar Motor to bring the latest technology to India which is not being launched anywhere else in the world.
“Please use new technology, which is not released anywhere in the world. Do not bring old ones and show them as a new model. My engineering instinct will never accept it, even if as a Chief Minister, I can say it is fine,” Bommai said while signing a Memorandum of Understanding (MoU) between the Karnataka government and Toyota Kirloskar Motor for further investment of Rs 4,800 crore.
The investment includes Rs 4,100 crore by Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts, and Rs 700 crore by Toyota Industries Engine Private Limited.
“I welcome Toyota’s investment, but I want the best of technology, the best of Toyota in the world, to be manufactured in the unit based in Bidadi (near Bangalore). That is what I expect and I’m sure your management will look into it,” Bommai said.
The chief minister asked Toyota to also increase its market share in India and launch its new products first in the country.
Talking about Toyota’s role in Karnataka, Bommai said that the decision of the Karnataka government in 1987 led to a surge in commercial and automotive and industrial activities in the state.
“The company has created an ecosystem, research and development linked to technology and applied sciences. This is Karnataka’s advantage,” Bommai told a rally.
He provided security for the company and said the company has a bright future as it is in the hands of forward-looking administrators.
The chief minister also touched on the idea of ”eco-economy”, saying that ecology must be maintained. “There is something new that has happened: the eco-economy where ecological and economic challenges go together, complement each other. Previously, the two clashed, but now there is harmony,” Bommai said.
Inviting Toyota Kirloskar Motor to participate in the Global Investors’ Meet from November 2 to 4, he said the automotive field is an important sector, which has the caliber to generate maximum jobs and trigger economic activities.