Hyderabad, April 17 -- The Japanese conglomerate Marubeni Corporation has proposed establishing a next-generation industrial park in Telangana's upcoming Future City.

The announcement was made following Telangana chief minister Revanth Reddy's meeting with the senior leadership of Marubeni in Tokyo on the first day of his official visit to Japan.

As per the proposal, Marubeni will invest an initial Rs 1,000 crore to develop a world-class industrial park across 600 acres in a phased manner within the proposed 'Future City' in Hyderabad. The park will be a dedicated hub for Japanese and other multinational companies looking to establish manufacturing operations in India as part of the 'China plus 1' strategy.

The industrial park is expec...