During the India Japan Business Summit (IJBS), Gunjan Krishna, Commissioner of Industrial Development and CEO of Invest Karnataka Forum, announced the establishment of a new Japanese Industrial Park in Tumakuru, Karnataka, to meet the rising demand from Japanese companies investing in Bengaluru. This development aims to enhance bilateral business collaborations between India and Japan. Additionally, the Karnataka government will soon introduce a new clean mobility policy that not only supports electric vehicles (EVs) but also promotes hydrogen and hybrid vehicles. Nakane Tsutomu, Consul General of Japan in Bengaluru, revealed Japan's plan to invest 5 trillion Yen in India over the next five years, emphasizing the focus on strengthening bilateral business relationships. The upcoming Global Investors Meet will concentrate on fostering the growth of Micro, Small, and Medium Enterprises (MSMEs) in Karnataka and Japan, with the goal of accelerating cooperation between the two nations. The summit also included panel discussions on reimagining growth with Japan and addressing challenges and solutions to enhance cooperation between SMEs in both countries.