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.
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.
