Ahead of Japan PM Shinzo Abe’s visit, Gujarat sets up 1555 hectare ‘Japanese Industrial Park’
Source :NewsBharati Date :11-Aug-2017
Gandhinagar, August 11: Japan is India’s one of the allies and hence, it becomes even more important to take care of the high regarded Prime Minister Shinzo Abe and it’s officials. Abe’s visit to India is scheduled in the month of September. His visit will take place in Gujarat and the government has started to set up a brand new ‘Japanese Industrial Park’ which is spread on 1555 hectares.
The industrial park is situated on the Delhi Mumbai Industrial Corridor (DMIC) passing through Ahmedabad. Principal Secretary of Industries and Mines Department MK Das said, “A new Japanese Park will come up at Khoraj near Sanand. This is second such park that we are setting up for the Japanese in the state.” The cost of expenditure for the basic infrastructure of the park is Rs 400 crore.
However, the current Japanese investment in Gujarat is close of USD one billion and is expected to reach USD three billion by 2020. There are over 80 Japanese companies in the state including the likes of Maruti Suzuki, Mitsubishi, Nippon, Hitachi, Panasonic and others, say state government officials.
To improve the trade relations with Japan, this industrial park will exclusively used by the foreign Japan companies in Gujarat. This is will drive in more investments to the state.
The new Japanese Industrial Park is being built in close coordination with the Japan External Trade Organisation (JETRO) which is also be setting up an office in Ahmedabad which will be as big as the one in Delhi. “This new JETRO office in Ahmedabad will help them handle and support trade between the two nations,” Das said.
The state-government arm, Gujarat Industrial Development Corporation (GIDC), has already floated tenders to appoint a master consultant for detailed project planning, and preparation of a Detailed Project Report. It has also initiated work on building basic infrastructure including roads, water pipelines and street lights. This industrial park will 969 hectares reserved for industrial development, 227 hectares for roads and transportation, 136 hectares of green spaces and 141 hectares of residential zone.