The Madhya Pradesh government plans to set up world-class infrastructure in the special investment zones to attract investors from Japan and Korea before the global investors’ summit next year, an official said on Thursday.
The official, who spoke on condition of anonymity as he was not permitted to speak to the media, said after earmarking 1,200 acre land near Indore as exclusive Japanese and Korean investment zones, the state government plans to build world-class industrial infrastructure before the global investors’ summit to be held in October 2016.
“We have inked an agreement with Japan External Trade Organization (Jetro) to promote the Japan industrial township in Pithampur, and are planning to develop 200 acre into a Japanese-specific investment region,” he said.
Officials of the state industry department will be in touch with Jetro regarding the future plans before the next investors’ summit.
Last month, officials from Jetro, which is working to promote mutual trade and investment between the two countries, visited Pithampur.
Jetro director general Naoyoshi Noguchii accompanied by senior officials had taken stock of the land earmarked in Pithampur.
A meeting was also held between the Japanese delegation and officials of the Audyogik Kendra Vikas Nigam, Indore, to discuss the scope of investment.
“Japan International Cooperation Bank would help in the establishing the Japan industrial township at Pithampur and motivate Japanese companies to invest in Madhya Pradesh. Soft Bank Limited has evinced interest in investing Rs 10,000 crore in solar power plants,” the official said.
CM Shivraj Singh Chouhan, during his recent visit to Tokyo, invited Japanese deputy prime minister Taro Aso to the global investors’ summit 2016, to generate greater investment in the state.
Sources say a large number of medium and small scale business houses from Japan are enthusiastic about investing in India.
A high-level state delegation also met Lixil Corporation vice-president Ryuichi Kawamoto and discussed about low-cost sanitation for 15 lakh households to be constructed by the state government.
The government has also discussed possibilities of developing a cold storage for perishables, including onions, potatoes and fish.