Chief Minister Shivraj Singh Chouhan on the third day of his ongoing Japan visit met Deputy Prime Minister Taro Aso at Tokyo on Thursday and sought greater cooperation between Japan and India saying that it will encourage bilateral trade to the optimum level.
Taro informed Chouhan that a large number of small and medium enterprises of Japan are keen on investing in India. Chouhan invited Taro to the Global Investors Summit-2016.
Addressing the 40th joint meeting of India-Japan Business Cooperation Committee (IJBCC), Chouhan invited the prospective investors and people of Japan to Madhya Pradesh. He had a series of important meetings. He met the heads of renowned companies and had fruitful discussions about investment avenues.
Holding discussions with the vice-president of lixil Corporation Ryuichi Kawamoto about low cost sanitation in the state, Chouhan informed that MP would construct 15 lakh well-designed houses in the coming three years. Sewerage system will also be developed.
The CM met the Chairman of Mayekawa Manufacturing, Tanaka, and discussed the possibilities of developing cold storage for onions, potatos and fish. Chouhan also discussed the areas of cooperation with Executive Vice-President of Fuji Electric Yashio Okuno and invited the Fuji Electric to collaborate in electrical manufacturing sector. He sought cooperation for providing technology for the upcoming smart cities.
During discussions with top officials of Furukawa Electric about investment in cable manufacturing, the officials informed that the company is planning to do feasibility studies for producing joint cables in MP.
The CM informed the top officials of NIDEC Corporation that special cluster for investors of Japan will be established at Pithampur in Dhar district. The NIDEC Corporation is an electronic manufacturer. Chouhan also met the senior executives of Mizuho Bank and invited them to open a branch in MP.
Holding dialogues with the Softbank CEO Masayoshi Son on the possibilities of investments in new and renewable energy development, Chouhan underlined immense investment scope in the sector. The Softbank expressed interest in meeting upto 40% of MP's total renewable energy production target.
The Chief Minister also invited the New Energy and Industrial Tech Development Organization (NEDO) to collaborate with Madhya Pradesh in wind energy sector. He apprised the NEDO of huge possibilities in the sector. The NEDO officials expressed willingness to cooperate with Madhya Pradesh and promote industrial technology. It will support Japanese companies already working in the State.
Chouhan said that the confidence-building measures taken by the Prime Minister Narendra Modi have positively changed investors' perception about India. He said that India has come out of the dark period of policy paralysis and despair. It has emerged as ideal destination for foreign direct investment with business friendly initiatives by the Govt of India under the leadership of Modi.