Japanese industrial and business establishments keen to invest in MP
Tokyo: Madhya Pradesh Chief Minister Shivraj Singh Chouhan concluded his 5-day Japan visit on Saturday with a visit to Hiroshima Peace Memorial built in memory of those killed in atomic bomb attack.
During his 5-day Japan visit, the Chief Minister held important discussions with major Japanese institutions regarding development of Madhya Pradesh. He received investment proposals worth about Rs. 15000 crore.
On September 29, the Chief Minister met office-bearers of Japanese international organisations and received proposals to invest Rs. 15000 crore in state’s infrastructure. The investment will be made for energy, rural drinking water, metro rail project and Japanese Industrial Township in Madhya Pradesh. Mr. Chouhan held discussions with Vice Chairman of JICA Hideaki Domichi. Consensus was arrived with him on Bhopal-Indore metro train, power transmission and rural drinking water schemes.
In the presence of Mr. Chouhan, a Memorandum of Cooperation was signed between Japan External Trade Organisation’s office-bearers for establishment of Japanese Industrial Township in Madhya Pradesh.
Mr. Chouhan also held discussions with Japan International Cooperation Agency (JICA) on laying a rail line between Bhopal and Indore estimated to cost Rs. 12000 crore. JICA will send a team to Madhya Pradesh soon to study the feasibility of the project. Possibilities of collaboration in construction of low-cost houses and development of Smart Cities were also discussed with JICA. The organisation sanctioned Rs. 1038 crore for Madhya Pradesh-Trance Mission System Organisation Project, which would improve power supply and distribution system. JICA officers also congratulated the Chief Minister for unprecedented agricultural growth in Madhya Pradesh and offered cooperation in increasing soybean production in the state. The Chief Minister also held discussions on rural drinking water supply schemes and tourism development in national parks. Through rural drinking water schemes, 1 million rural people will be supplied piped water.
On the second day, the Chief Minister held discussions with CEO of Japan External Trade Organisation Hiroyuki Ishige on investment possibilities. He also addressed a business seminar. Ishige praised Chouhan for initiatives to push policy reforms for boosting trade and investment. The Japan External Trade Organization showed interest in partnership for Delhi-Mumbai Industrial Corridor. JETRO also signed a memorandum of understanding with Madhya Pradesh.
Addressing the seminar for heads of trade associations and investors’ community Chouhan listed the benefits of investing in Madhya Pradesh. He said that a seminar for dialogue with Japanese companies will soon be held in Madhya Pradesh in collaboration with JETRO. Chouhan urged the investors to visit Madhya Pradesh saying that it is a fast progressing state and an ideal investment destination. All requisite infrastructures have been established. He said that the State’s double digit growth rate continues to be highest among Indian states.
On the third day of his visit, the Chief Minister met Japanese Deputy Prime Minister Taro Aso at Tokyo and sought greater cooperation between Japan and India saying that it will encourage bilateral trade to the optimum level. Taro informed that a large number of small and medium enterprises of Japan are keen on investing in India. Chouhan invited Taro Aso to Global Investors Summit -2016.
Addressing the 40th joint meeting of India-Japan Business Cooperation Committee (IJBCC) Chouhan invited the prospective investors and people of Japan to Madhya Pradesh. Chouhan had a series of important meetings. He met the heads of renowned companies and had fruitful discussions about investment avenues.
Holding discussions with the Vice President of Lixil Corporation Ryuichi Kawamoto about low cost sanitation in the state, Chouhan informed that Madhya Pradesh would construct 1.5 million well-designed houses in coming three years. Sewage system will also be developed.
The Chief Minister met the Chairman of Mayekawa Manufacturing Tanaka and discussed the possibilities of developing cold storage for onions, potatos and fish.
Chouhan also discussed the areas of cooperation with Executive Vice President of Fuji Electric Yashio Okuno and invited the Fuji Electric to collaborate in electrical manufacturing sector. He sought cooperation for providing technology for the upcoming smart cities.
During discussions with top officials of Furukawa Electric about investment in cable manufacturing, the officials informed that the company is planning to do feasibility studies for producing joint cables in MP.
The Chief Minister informed the top officials of NEDO Corporation that special cluster for investors of Japan will be established at Pithampur in Dhar district. The NEDO Corporation is an electronic manufacturer.
Chouhan also met the senior executives of Mizuho Bank and invited them to open a branch in Madhya Pradesh. Holding dialogues with the Softbank CEO Shri Masayoshi Son on the possibilities of investments in new and renewable energy development, Chouhan underlined immense investment scope in the sector. The Softbank expressed interest in meeting upto 40% of MP’s total renewable energy production target.
The Chief Minister also invited the New Energy & Industrial Tech Development Organization (NEDO) to collaborate with Madhya Pradesh in wind energy sector. He apprised the NEDO of huge possibilities in the sector. The NEDO officials expressed willingness to cooperate with Madhya Pradesh and promote industrial technology. It will support Japanese companies already working in the State.
On the fourth day, the Chief Minister signed an agreement with the Minister of Trade and Industry, Japan for cooperation to promote Japanese investment in Madhya Pradesh. The Ministry of Trade and Industry, Japan has agreed to promote Japan Industrial Township at Pithampur near Indore.
Chouhan had fruitful discussions with Executive Vice President of Panasonic Corp Yoshihiko Yamada about investment plans to harness renewable energy.
Describing Madhya Pradesh as perfect location to generate renewable power, Yoshihiko Yamada apprised Chouhan of the company’s solar energy projects designed for Madhya Pradesh. He said that the company will invest in this sector in coming two years. He also informed that feasibility studies will be conducted for 100 MW by end of 2016 and additional 100 MW in 2017 with an investment of 250 million USD.
During the visit, unprecedented keenness was witnessed among Japanese business and commercial establishments for investment in Madhya Pradesh. During discussions with them, the Chief Minister also dwelt in detail on immense investment potential in the state. He informed that Madhya Pradesh is a model destination for investment in the world. He informed that separate clusters are being developed in Madhya Pradesh for Japanese and South East Asian countries.
On the fifth, before embarking on the second leg of his tour to Seol, the capital of South Korea, where he will visit Songdo Smart City and the Samsung innovation museum and hold discussions with its director. Mr. Chouhan visited Hiroshima Peace Memorial and paid floral tributes to those killed in Atomic Bank attack during World War-11. He spent over one hour at the memorial.