BI News, Lucknow: Once again Japanese investors have shown interest in new industrial investment in Uttar Pradesh. On Friday, a delegation of Japanese entrepreneurs led by Japanese Ambassador Hiroshi Suzuki met Chief Minister Yogi Adityanath and discussed new proposals. In the special meeting, the Chief Minister said that relations between India and Japan have always been friendly. There is mutual harmony, growing bilateral trade and all-round cooperation between the two countries. Both countries are large economies and have democratic, secular and pluralistic systems with common socio-economic development priorities as well as world-class strategic visions.
Referring to the ancient cultural ties between India and Japan, the Chief Minister said that India and Japan have had strong cultural ties for centuries due to the spread of Buddhism, which has resulted in a strong common identity between the Indian and Japanese people. There are many religious places related to the life of Lord Buddha in Uttar Pradesh. Kapilvastu, Sarnath, Sankisa, Shravasti and Kushinagar are major centers of faith for Buddhists. Discussing the world class convention center built in Varanasi with the cooperation of Japan, the Chief Minister said that Prime Minister Narendra Modi and former Prime Minister of Japan Late. Shinzo Abe’s close ties have taken India-Japan political, economic and business relations to new heights in the modern era.
Japanese were early investors in UP. Then came Koreans. Then came Samajwadis. Rest is history. https://t.co/di0ssm4mdh
— हम भारत के लोग (@India_Policy) May 12, 2017
Discussing the wide possibilities of industrial investment in Uttar Pradesh with Japanese entrepreneurs, the Chief Minister said that the state government is keen to cooperate with Japanese companies. Currently, more than 1,400 Japanese companies, including 07 major companies (Mitsui Technologies, Honda Motors, Yamaha Motors, Denso, Toyotrunk, Nissin ABC Logistics, Sekisui DLJM Molding) operating in Uttar Pradesh, are operating in India. Major support was received from Japan as the partner country of GIS-2023. He said that our government is rapidly developing industrial parks, centers of excellence and research and development centers in the state. Japan Industrial Township is included under the Integrated Industrial Township being developed on 750 acres in Greater Noida.
Apart from this, Medical Device Park, Film City, Toy Park, Apparel Park, Handicraft Park, Logistics Hub etc. are being developed near Noida International Airport along the Yamuna Expressway in the National Capital Region. Other projects include Mega Food Park in Bareilly, Trans-Ganga City in Unnao, Plastic Park in Gorakhpur, Garment Park in Gorakhpur and Defense Industrial Corridor. Additionally, our government provides attractive subsidies under more than 20 sectoral policies as well as its new industrial policy. We have made special policies for many sectors, like electronics, solar, bio-fuel, food processing, logistics, electric vehicles, dairy, etc. These policies include exemption in stamp duty and electricity duty, exemption in land value, capital subsidy, refund of net SGST etc. are attractive incentives for our Japanese investors. Apart from this, the state government has also announced incentive policy for Fortune Global 500 and Fortune India 500 companies. The Chief Minister said that Uttar Pradesh is the most populous state of India and has huge human resources, skilled labor force and a large consumer market. Known as the ‘Food Basket’ of India, Uttar Pradesh has immense opportunities in the agriculture, food processing and dairy sectors. Varanasi is the hub of India’s major textile centers including the silk cluster. Tourism is also a priority sector, which can be a good destination for investors in Uttar Pradesh.
Japanese Ambassador Hiroshi Suzuki, who was leading the Japanese team in the meeting, praised the immense opportunities for industry and trade in Uttar Pradesh, the work being done in the field of infrastructure and the personality of the Chief Minister and said that Japanese investors are excited by the policies here. This enthusiasm from investors will take the strong relations between India and Japan to new heights. Nikhil Chandra, Chairman and MD, Kubota Agricultural Machinery India, expressed his interest in setting up Escort Kubota Farm Institute at Chandrashekhar Azad Agricultural University, Kanpur. In addition to the Japanese Ambassador, the special meeting was attended by Kentaro Orita, Political Counselor of the Japanese Embassy, Mitsunari Saito, Chief Representative of Japan International Cooperation Agency, Takashi Suzuki, Chief Director General of Japan External Trade Organization, Toshitoko Kurihara, Director General of Japan Foundation, New Delhi, Kenji Sugino, Secretary General, JCCII, Yuji Taguchi, Chairman and MD, Mitsubishi Corporation, Nikhil Chandra, Chairman and MD, Kubota Agricultural Machinery India, Rohit Chandra, CEO and MD, OMC Power, Mitsutaka Sekino, MD, Cognavi India, Senior Vice President, Honda Car India. Many officials of the Japanese Embassy including President Praveen Paranjape were present.
