Gujarat To Have Separate Office For Japan To Promote Investment

Economic Development Unit of the Government of Gujarat has a separate office to facilitate investment in Japan. The move is the result of several meetings between the visiting delegation from Japan, and senior government officials.

Industrial Extension Bureau (iNDEXTb) recently signed a Memorandum of Understanding (MoU) with Bank of Tokyo Mitsubishi UFJ Limited and set up an office in iNDEXTb dedicated to assist Japanese companies to invest in Gujarat,” a senior iNDEXTb told ET. Bank of Tokyo will send a formal proposal iNDEXTb, on which the Board has proposed to start work.

Recently, it was also agreed that the Government of Gujarat and the Japan External Trade Organization (Jethro) to create a Japanese industrial area in Ahmedabad to facilitate Japanese investment. Jethro GIDB coordinate with the installation while iNDEXTb facilitate the interaction between the delegations of Japan and Gujarat as well as holding seminars and other promotional events. Together with Jethro, it will display the options of Gujarat provides Japanese companies. Many Japanese companies are expected to participate in the Vibrant Gujarat Summit next world, the 2013th

Gujarat is one of the main beneficiaries of Delhi, Mumbai industrial corridor to come in partnership with Japan. About 40% of the corridor through Gujarat. Japanese companies are also involved in future projects as part of the Special Investment Region Dhola. Strong commitment to creating smart cities with plans for waste recycling and water. A city is like being at Changodar in Ahmedabad.

Japan has also been a partner country in the biennial Vibrant Gujarat Global summits in 2009 and 2011. Tokyo-based Hitachi Limited has recently acquired a majority stake in Gandhinagar based on power electronics Hi-Rel Electronics Limited company private for an undisclosed sum. The joint venture is to invest Rs 80 crore in its new plant in Sanand and its existing facilities in Gandhinagar. In another case, Rs 300 crore is limited Indian company manufacturing cranes, Anupam Industries tied up with Mitsubishi Heavy Industries Ltd. (MHI) in Japan to create new joint venture, MHI-Anupan Industries Limited for the manufacture of cranes and port handling domestic and global markets.

Japanese car maker Maruti-Suzuki has put his finger on Ahmedabad-Mehsana Bechraji limit to build its manufacturing facility in India in the seventh and the first outside its home country Haryana. The company works with its suppliers has committed an investment of Rs 18,000 crore and will generate 1.25 lakh jobs in the state.

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