Chief Minister Raman Singh on Tuesday said that investment is a continuous process. This tour of ours (to Japan and South Korea) has created a new image of Chhattisgarh.
People of these countries got to see Chhattisgarh for its immense potential and rich resources. They expressed the desire to visit Chhattisgarh. It also unleashed a way of promoting business activities between Chhattisgarh and these nations, he said.
In new future, investors and entrepreneurs of Japan and South Korea will be further encouraged for investments and trade in State, through trade associations. For this, JETRO trade association of Japan and KOTRA trade association of South Korea will be engaged. A local representative will be appointed in both the nations, who will help in promoting investments and trade in Chhattisgarh and establishing coordination in actualising the same, Singh said.
Apart from meeting the who's who of major companies of these countries, we also had to contact and communicate with the small companies as well. Delegation of CII also accompanied us in this tour. He said.
Confederation of Indian Industries (CII) played an important role in contacting and coordinating with the Japanese External Trade Organisation (JETRO) and Korea Trade-Investment Promotion Agency (KOTRA). This led to constructive discussion with JETRO and KOTRA which is expected to yield fruitful results, Singh said.
The Chief Minister said: “Indian Embassies in South Korea and Japan, both worked pro-actively in organising our investors' meet and building favourable environment for the same.”
Notably the Chief Minister addressed Investors' meets in three world-class Asian cities- Seoul, Tokyo and Osaka. Meanwhile, meeting with more than 25 companies was held to discuss investment scope in sectors like mobile manufacturing, electronic devices, IT, electronics, smart cities, engineering, defence technology etc in Chhattisgarh.
Representatives of the companies with whom the Chief Minister met during the tour includes — Doshan Heavy Industries limited of MBON Corporation, Sung ha Telecom, Dosal E&C, MECEN IPC Company ltd, Perfec Clean Energy, Chunbuk Technopark, GIC Holding, RIST, Redrox, Space Group, Safe Food Corporation, World Proton Corporation, Seoul NEDC Corporation, Dikin International, Murata Manufacturing Company ltd, Silver Peak Global, CGT, MIR Rogers Bokey Company ltd Osaka, Seuda Corporation, Nisnano Corporation, Konmi Digital Entertainment Company, Mekens IPC Company limited, International Corporation Tokyo, Sanative line Company ltd and others.
On the first day of the tour (May 29), the delegation reached capital city of South Korea Seoul, and met Consulate General of India in Seoul Vikram Doraiswami and representatives of Indian Embassy. In the meeting, specialities of Seoul and the industrial-commercial background of the city was discussed in detail.
later, the delegation had a tour of Sungam smart city. Singh said that he observed many similarities between Sungam smart city and Chhattisgarh's Naya Raipur. On the second day (May 30), and addressed the Investors' meet in head office of KOTRA in Seoul and later the delegation met the investors individually. Sung Ha Telecom of South Korea and Chhattisgarh Government signed a MoU for capital investment of Rs 120 crore in establishing mobile phone manufacturing units in Chhattisgarh.
During South Korea tour, the delegation led by the Chief Minister also visited head office of a representative company in KOTRA, on invitation, and met Chairman and CEO of the company Mr Jaihong Kim. In the same sequence, he met Chairman of Fincham Automotive Company, who expressed interest in investing in Chhattisgarh. Dosan Heavy Industries limited also showed interest in making investments in waste energy and wind energy project of Chhattisgarh. The Chief Minister had a meeting with NRIs in Seoul, South Korea.
Singh addressed investors' meet in Osaka city of Japan on June 3. This investors' meet was organised by JETRO in association with CII, wherein representatives of more than 100 industrial groups and NRIs participated. It was the first ever investors' meet organised in Japan based on investment scope in Chhattisgarh.
Meanwhile, the Chief Minister met delegation of NDIFC electric motors manufacturing company and discussed about various aspects of the investments. Singh felicitated Dr Tokiyo Mizokami, adorned with 'Vishwa Hindi Samman', with a memento. Meeting with delegation of leading electronic devices manufacturing company-Daikin was also held, he said.
Singh informed that a detailed discussion took place with Chairman of Silver Peak Global Group in Japan Subha Bhattachan during the meeting, regarding training the nurses in Chhattisgarh.
Nurses of the State will be provided training in both Chhattisgarh and Japan. This will provide them better employment opportunities, he said.
In a meeting with Director of Murata Electronics in Osaka Karun Malhotra, long discussion on investment opportunities in Chhattisgarh was held. The delegation also met Managing Director and Chairman of Rogers Bokey Company Japan Shitoru Roy, Singh said.
Significantly, in April 2016, a host of key Chinese companies from Zhengzhou city of Henan province in China signed Memorandum of Understandings (MoUs) worth 945 million USD (approx. Rs 6,600 Crore) for setting up a wide set of industrial projects in Chhattisgarh on the third day of Chief Minister Raman Singh’s ongoing week-long tour to China.
As per the MoUs, Chinese companies will primarily invest in manufacturing of solar power equipment, railway and building construction material sectors in Chhattisgarh.
The Zhongli Talesun Solar Company limited will invest about 500 million USD in cable manufacturing, real estate and renewable energy sector. This MoU will help in developing a Special Economic Zone (SEZ) of solar cell and solar panel in Chhattisgarh.
likewise, M/s Chongqing Changzheng Heavy Industry Co ltd has also inked an MoU worth 20 million USD for developing Station Wagon industry in Chhattisgarh.
Chief Minister Raman Singh after signing of MoUs participated in the 10th International Investment and Trade fair at Zhengzhou and addressed a gathering of representatives from 25 different countries.
He said that India’s Prime Minister Narendra Modi has launched ‘Make in India’ programme for creating an India that is one of the front line countries with strong Industrial and Financial sectors. Working on same line, we are promoting investments through ‘Make in Chhattisgarh’ programme, he said.
Singh also detailed about the development prospects and possibilities in Chhattisgarh.
Singh in December last year had also stated that American entrepreneurs and NRIs have shown keen interest in 'Make in Chhattisgarh' vision created on the lines of Prime Minister Narendra Modi's 'Make in India' campaign.
Singh had shared his experience of 10-day tour to United States after returning from New Delhi to Raipur.
The Chief Minister was accorded warm welcome at the Swami Vivekananda Airport in Raipur by citizens, public representatives, officials of various organisations and government officials.
On the occasion, Singh had informed that the main motive of his US tour was to promote capital investment in various sectors of manufacturing under 'Make in Chhattisgarh' campaign and to project Chhattisgarh as an inseparable part of 'Make in India' campaign at global level.
Singh said that he and delegation of State Government attended Investors' Meet at New York on November 29, at Chicago on November 30 and at San Francisco on December 2. These meets were jointly organised by the US-Indian Business Council (USIBC) and TII-Global.
In these events, more than 70 American industrialists, NRIs and CEOs of various companies participated.
likewise, the Investors' Meet in Chicago was attended by more than 60 investors and that in San Francisco was attended by more than 60 investors. American investors were invited to invest in Chhattisgarh.
In these events, Chhattisgarh Government's delegation had one-to-one discussions with investors about the wide scope of investment in non-core sectors of Chhattisgarh such as IT, defense, food processing, pharmaceuticals, solar energy, start-up and bio-technology.
The industrial groups with whom the delegation had discussions include UTS Global, E-Kisan Foundation, Global India Business Council, Vanguard Technology, Physician of Indian Origin, Cysco, Google and others.
In the Investors' Meet of San Francisco, three major MoUs were signed. On the occasion, Stanford University signed MoU with Chhattisgarh Government for exchange of teaching material, research, professors and students for educational purpose and also for creating awareness for prevention of rheumatic heart disease in Chhattisgarh. Wadhwani Foundation signed MoU with Chhattisgarh to promote entrepreneurship in Chhattisgarh, which includes providing employment opportunities and promotion of Start-up and SMI Eco-system for skill development.
Under the MoU signed by Spinta Global Accelerator with Chhattisgarh, steps will be taken to enhance professional competency and entrepreneurial skills in youth of the State.
Under the leadership of the Chief Minister, Chhattisgarh Government's delegation visited Digital Start-up 1871-Technical and Entrepreneurial Development Centre in Chicago, which was established to provide technical, financial and commercial assistance and guidance to Digital Start-up Business Community of Chicago.
A total of 400 High growth digital start-up works are underway in this centre. The delegation met Chief Operational Officer of this centre Tom Alexander and had a discussion about developing start-up sector in Chhattisgarh. On December 2, delegation visited Google campus in San Francisco and met Vice-President Product Management Anjali Joshi and Group Product Manager Meenal Mehta to discuss about the scope of cooperation between Google and Chhattisgarh Government in sectors of health, IT and education.
On December 2, the delegation visited 500 start-up campus in San Francisco. Officials of Chhattisgarh met members of 500 Start-up Group and discussed about start-up ecosystem.
Chhattisgarh is among 16 states which had implemented the '340-point Business Reform Action Plan 2016' to design and implement an online single window system with functionality for online application, payment and approvals, the Central Government has informed.
The 16 States/UTs implemented this reform in 2016 are- Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Telangana, Uttarakhand, Uttar Pradesh and West Bengal, it informed.