Hikoki Power Tools (Japan’s Koki Holdings) invests ₹700 crore in a new Tamil Nadu manufacturing unit, boosting ‘Make in India’ for power tools. Expected to create hundreds of jobs.
Japanese Giant Strengthens India’s ‘Make in India’ Initiative with New Facility
Chennai : In a significant boost to Tamil Nadu’s industrial growth Hikoki Power Tools India (a wholly-owned subsidiary of Japan’s Koki Holdings) has signed an MoU with the Tamil Nadu government for a ₹700 crore manufacturing unit. This strategic investment reinforces Tamil Nadu’s position as a preferred destination for global manufacturing.
Key Highlights of the Investment
1. Project Overview
✔ Investment: ₹700 crore
✔ Parent Company: Koki Holdings Co. Ltd. (Japan)
✔ Products: High-quality power tools & industrial equipment
✔ Expected Employment: Hundreds of skilled jobs
2. Strategic Importance
✅ Boosts Tamil Nadu’s Manufacturing Ecosystem – Strengthens the state’s industrial base
✅ Supports ‘Make in India’ – Reduces import dependence for power tools
✅ Enhances Export Potential – Production for domestic & global markets
✅ Creates Skilled Job Opportunities – Technical and engineering roles
3. Government & Industry Reactions
Tamil Nadu Industries Minister:
“This investment by Hikoki Power Tools is a testament to Tamil Nadu’s business-friendly policies and robust infrastructure. We welcome global manufacturers to leverage our skilled workforce and strategic location.”
Hikoki India Spokesperson:
“India is a key growth market for us. This new facility will help us meet rising domestic demand while serving global supply chains efficiently.”
Why This Matters?
🔹 Strengthens India’s manufacturing capabilities in power tools
🔹 Aligns with Tamil Nadu’s Vision 2030 for industrial growth
🔹 Attracts further Japanese investments in the state
🔹 Supports India’s ambition to become a global manufacturing hub
What’s Next?
- Construction to begin soon
- Expected production launch in [Year]
- Potential expansion based on market demand
