CM declares second Japanese zone in state
In order to further facilitate the expansion of Japanese industries in the state, Rajasthan chief minister Vasundhara Raje on Wednesday cleared the decks for a second Japanese industrial zone, which will focus on sectors such as ceramics and electronic systems design and manufacturing (ESDM).jaipur Updated: Apr 09, 2015 11:38 IST
In order to further facilitate the expansion of Japanese industries in the state, Rajasthan chief minister Vasundhara Raje on Wednesday cleared the decks for a second Japanese industrial zone, which will focus on sectors such as ceramics and electronic systems design and manufacturing (ESDM).
Raje is in Japan to launch the global road show for the Resurgent Rajasthan Partnership Summit, to be held on November 19-20 this year in Jaipur. Japan is the largest foreign investor in Rajasthan and the summit aims at deepening this relationship.
Announcing the second Japanese zone in Rajasthan at a gathering of investors, Raje said, “After the resounding success of first Japanese zone in Neemrana, I am pleased to announce that the Rajasthan government will develop a second industrial investment zone in Ghiloth on nearly 500 acres of land. This zone will soon become a hub for the ceramics and ESDM industries.”
The announcement comes close on the heels of the meeting on Monday between Prime Minister Shinzo Abe and Raje, where she extended an invitation to Japan to take part in the Resurgent Rajasthan Partnership Summit.
She further said, “Japanese investments in Rajasthan have transformed the state’s economic landscape. We count Japan as one of our foremost partners in progress. Rajasthan is poised to take a giant leap forward in industrialisation and we are keen that Japan, our tried and trusted ally, partners us in this enterprise.”
Raje informed the gathering that Public Utility status has been granted to Neemrana, where the first investment zone is located, for a period of three years, in order to ensure that factories located in the area have protection from labour strikes.
Moreover, the government has decided to reduce central sales tax (CST) from 2% to 0.25% on sale of goods manufactured by the units in the two Japanese industrial areas till March 31, 2016.