# YG-1 to invest $150 million in Karnataka, India

South Korea-based precision tooling company YG-1 will invest $150 million in Karnataka, India, including a new R&D centre and a Korean language training centre. The company already operates a manufacturing facility in Tumakuru.

- Type: Investment
- Announced: 2024-07-03
- Where: Karnataka, India
- Value: $150.0M
- Status: announced
- Products: advanced cutting tools, precision tooling
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [YG-1](https://endata.com/companies/17685.md)

## Sources

- [moneycontrol.com](https://www.moneycontrol.com/technology/south-koreas-yg-1-to-invest-150-million-in-karnataka-article-12761665.html), 2024-07-03: "YG-1, a global company in precision tooling, will invest $150 million in Karnataka, said State Minister for Large and Medium Industries and Infrastructure Development MB Patil on July 3."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.