Date: 13-Jan-2020

Japanese companies in India eyeing Gujarat for next expansion

Japanese companies with a presence in other states of India are eyeing Gujarat for expansion projects. In the recent past, an array of Japanese companies invested in Gujarat in the automobile, auto component manufacturing and engineering sectors, among others. Investments already made by these companies in the state amount to more than Rs 19,000 crore, industry sources say. Now, it seems the Japanese are ready for a second round of investment here. In the last week of January, a delegation of industrialists and businessmen is expected to visit Ahmedabad, JETRO officials of have confirmed. A seminar on investment opportunities in Gujarat will also be organized by Japan External Trade Organisation (JETRO) to facilitate interaction between state government and Japanese companies this month.Representatives of Japanese companies present in India, but not in Gujarat, will meet with representatives of Japanese companies that have a presence in Gujarat during the upcoming delegation visit,” said a senior state government official. Sanand-III will be the new destination for the fresh batch of Japanese companies, according to JETRO. “Gujarat Industrial Development Corporation (GIDC) is developing an area of 3,548 acres for a new industrial township known as Sanand III in Khoraj. This is besides the 1,512 acre land earmarked exclusively for Japanese companies since September 2018. These estates are not only for Japanese investors to set up their plants but also to develop residential areas, hospitals, schools, amusement facilities and so on,” said Yuichi Bamba, director general, JETRO, Ahmedabad.