Japanese investment facilitators are scouting for locations near Indore so as to develop a township which will serve as an industrial and social infrastructure for Japanese investors.
IT firms and electric vehicle manufacturers from Japan have already showed interest in investing in Madhya Pradesh.
“The firms have had discussions with chief minister Shivraj Singh Chouhan. We are now looking for a location in the vicinity of Indore,” India Japan Partnership Fund director Sanjeev Sinha.
They also want to invest in urban development and transport sectors.
“Dedicated human resource development centers should be built in India to help Japan-assisted infrastructure projects as well as dedicated holistic eco-systems, including financial, industrial and life style aspects, for Japanese corporates to work in India,” Sinha added.
He also invited Indian startup companies to look for opportunities in Japan. An Indian Economic Forum was created in Japan in 2009 for the same purpose.
Calling India an obvious, essential, and the most reliable partner for Japan to work with Japanese envoy to India Kenji Hiramastsu said that the strategic dialogue between the two leaders on regional and global issues was becoming increasingly deep and substantial.
He was speaking in Delhi on the occasion of the National Day reception at the Embassy of Japan.
The National Day of Japan is observed to celebrate the birthday of Akihito, the Emperor of Japan, who will turn 84 on December 23.
Referring to the Japanese direct investment into India, he underlined that Japanese FDI has almost doubled from $2.6 billion in 2014 to $4.7 billion in 2016.