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The Times of India
The Times of India
National
TNN

Rajasthan: MoUs inked with 11 Japanese firms for Rs 1,338 crore investment

JAIPUR: Chief Minister Ashok Gehlot said that Japanese companies have prominently invested in Rajasthan and such investment has been an inspiration for entrepreneurs in the state. He said the MoUs signed with 11 Japanese companies on Thursday will bring an investment of Rs 1,338 crore, which will further strengthen the relationship between Japan and Rajasthan.

Gehlot was addressing the MoU signing ceremony organized at Daikin Japanese Institute of Manufacturing Excellence (DJIME), Neemrana on Thursday. He also asked the Japanese Companies to create a new chapter by investing in the Petrochemical Complex being built at Pachpadra village in Barmer.

He urged them to establish a skill development centre which will enhance the employability of the youth in rural areas. He assured that the state government will provide all necessary cooperation.

The CM said the framework of Japanese investment, Delhi Mumbai Industrial Corridor (DMIC) and Freight Corridor was prepared during the Japan visit of former Prime Minister Dr Manmohan Singh in 2005. The Japanese Zone at Neemrana is also a part of DMIC. He stated that DMIC projects will be set up at six places in the state.

The Ambassador of Japan to India, Suzuki Satoshi, said, during the summit last March, the PMs of India and Japan expressed satisfaction that the investment target of 3.5 trillion Japanese Yen (about Rs 2 lakh crore) announced in 2014 has been achieved.

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