MP-Japan partnership to boost investment and growth: CM

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MP-Japan partnership to boost investment and growth: CM

Sunday, 02 February 2025 | Staff Reporter | BHOPAL

Chief Minister Mohan Yadav returned to India on the evening of Saturday, February 1, after completing his four-day visit to Japan (January 28-31). Addressing media representatives in New Delhi, he stated that during his visit, he invited Japanese investors and industrialists to participate in the Global Investors Summit scheduled to be held in Bhopal on February 24-25.

Yadav mentioned that Japanese companies have shown a deep interest in investing in Madhya Pradesh, and several major companies will take part in the upcoming summit. He held Business-to-Business (B2B) meetings with various Japanese industrialists and investors, as well as Government-to-Government (G2G) discussions with senior officials of the Japanese government, exploring detailed investment opportunities in the state.

A proposal to establish the Japan-Madhya Pradesh Industrial Cooperation Forum has been approved. This initiative will soon lead to the development of a Japanese Industrial Park, Skill Development Centers, and Smart Manufacturing Hubs in Madhya Pradesh. Additionally, a Japan Plus Cell will be set up to ensure continuous engagement and follow-ups with Japanese investors.

Dr. Yadav personally invited Japanese industrialists and investors to participate in Global Investors Summit (GIS-2025) in February, which will create new investment opportunities.

Japan to Be the Country Partner for the Global Investors Summit

The Chief Minister announced that Japan will be the "Country Partner" for the Global Investors Summit this time, further strengthening economic and industrial cooperation between the two nations.

He also highlighted that Japanese companies have expressed their willingness to invest in medical devices, automobiles, manufacturing, electronics, and the textile (ready-made garments) sectors in Madhya Pradesh. Japanese investments will propel the state's industrial growth to new heights.

With Japan's support, Madhya Pradesh is progressing towards becoming an "Ideal Investment Destination" and an "Industry-Friendly State.

The Chief Minister stated that his government is providing excellent infrastructure, simplified investment policies, and a highly favorable environment for industrial development. He assured Japanese investors that they could invest in Madhya Pradesh without hesitation, as the state government would extend all possible support. This successful visit is expected to attract Japanese investment, creating new employment opportunities and accelerating industrial growth in the state. The Japan visit will prove to be a significant step towards making Madhya Pradesh a hub for investment.

The Global Investors Summit 2025 will be held at the Indira Gandhi National Museum of Mankind in Bhopal, where investors and industrialists from various countries will participate.

Yadav highlighted that Japan is currently the fifth-largest investor in India, having made Foreign Direct Investments (FDI) of over $38 billion in the past two decades. The bilateral trade between the two nations stands at approximately $20 billion and is continuously growing. Several leading Japanese companies are already successfully operating in Madhya Pradesh.

Bridgestone has established a world-class tire manufacturing plant in Pithampur, significantly contributing to employment generation and exports. Panasonic has also marked its presence in the state. Companies like NSK, Sano, and Komatsu are actively working in Madhya Pradesh, contributing to the automotive and machinery sectors. Exports from Madhya Pradesh to Japan are steadily increasing, reflecting the strengthening trade relations between the two regions.

Yadav emphasized that Tokyo is one of the world's most advanced metropolitan economies, with a Gross Domestic Product (GDP) of approximately $1 trillion. During a meeting with Governor Yuriko Koike, discussions were held on new dimensions of urban development.

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