Chandigarh: Punjab Chief Minister Bhagwant Mann on Thursday said he had roped in investment of Rs 500 crore as a Japanese steel giant has agreed to expand its collaboration with a steel company in the state.

Japanese steel giant Aichi Steel signed a memorandum of understanding (MoU) in the presence of the Chief Minister during his visit to the Japanese company, on the third day of his visit to Japan.

Chief Minister Mann said it is a ‘red letter day’ for the state as the Japanese steel giant, better known as the steel arm of Toyota, has inked this MoU to give a fillip to the industrial development in the state.

The Japanese steel giant will study future factory operations in Punjab, including a feasibility assessment for an investment of about Rs 500 crore, he said.

Mann emphasised that

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