CHANDIGARH: Japanese metal large Aichi Metal agreed to develop its collaboration with Vardhman Particular Steels in Punjab, entailing an funding of Rs 500 crore, in accordance with an official assertion. Aichi Metal and Vardhman Particular Steels signed an MoU within the presence of Punjab Chief Minister Bhagwant Mannwho’s on a 10-day go to to Japan and South Korea. An official assertion quoting Mann mentioned it’s a red-letter day for the state because the Aichi Metal Company, higher referred to as the metal arm of Toyota, has inked this settlement to provide fillip to the commercial growth within the state. He mentioned Aichi Metal, which already holds about 24.9 per cent stake in Vardhman, is a key expertise associate, symbolizing a robust and evolving Indo-Japan partnership in Punjab’s industrial ecosystem. Mann mentioned the Japanese metal large will examine future manufacturing facility operations in Punjab, together with a feasibility evaluation for an funding of about Rs 500 crore. In the meantime, Mann assured full assist and cooperation to strengthen and develop Aichi Metal’s collaboration with Vardhman Particular Steels within the state. The CM prolonged an invite to Aichi’s management to take part within the Progressive Punjab Traders’ Summit — to be held in Mohali on March 13-15, 2026—to encourage deeper engagement and expanded investments. Mann mentioned the summit will showcase Punjab’s progress, convey collectively main industrial gamers, and current new alternatives for partnership and collaboration. He expressed hope that Japanese traders will be part of this summit in an enormous approach and additional speed up the commercial growth of the state. Mann is main a delegation to Japan and South Korea as a part of the state authorities’s outreach within the run-up to traders’ summit.