Japan’s Hosoda Holdings to set up Rs 882 cr solar unit in Karnataka

Japan’s Hosoda Holdings will set up a solar cell manufacturing unit in Karnataka at an estimated cost of Rs 882 crore, state Industries Minister M B Patil said on Friday.

The project will be implemented in collaboration with Tong Tar Energy Solutions (TTES), the minister said in a press release.

“Initially, TTES had planned an investment of Rs 490 crore. The agreement for the project was signed at the Global Investors Meet in February this year,” he said.