Japanese firms to build industrial township near Chennai

Japanese companies will build manufacturing facilities near Chennai. Japanese companies- Hitachi Automotive Systems, Ajinomoto and Takasago International Corporation are among the early players to enter into agreement with Ascendas and a Japanese consortium in setting up a 1,450-acre integrated industrial township, 50 km south of Chennai. Ascendas said that it has entered into agreements with the three companies to take up space at the township. The agreement was signed on 18 November in Tokyo. The industrial township, OneHub Chennai, previously dubbed Omega Industrial Township in the concept stage, is aimed at drawing investments from Japanese and inter-¡national businesses.