Invites japanese firms for collaboration in Agri and meals processing, technical textiles, engineering, pharma & medical units, ability growth
Reiterates availability of appropriate land chunks for inviting funding by Japanese firms in state
‘Indo-Japan funding symposium: funding alternatives in state of Punjab organized by Japan desk at make investments Punjab
CHANDIGARH: Reiterating agency dedication of the State Government in facilitating investments from Japan via the Invest Punjab, Punjab Chief Minister Captain Amarinder Singh on Friday highlighted his imaginative and prescient of getting a “Little Japan” in Punjab that builds upon the present thriving presence of greater than 100 Japanese enterprise institutions within the State.
In his digital tackle to the ‘INDO-JAPAN Investment Symposium: Investment Opportunities within the State of Punjab’ organized by the Japan Desk at Invest Punjab in coordination with Embassy of India, Tokyo, the Chief Minister identified that Punjab is the safest place to do enterprise having witnessed no lockouts and strikes in final 30 years. “Invest Punjab has been rated as the “Top Performing” State IPA by Government of India and a devoted Japan Desk has been fashioned at Invest Punjab for facilitating Japanese buyers keen to spend money on the State and can be the ‘match making’ platform for Japanese and Punjab primarily based firms”, asserted Captain Amarinder Singh.
Inviting the Japanese Enterprises to Punjab, the Chief Minister highlighted the alternatives for funding or collaboration with Punjab primarily based firms in a number of sectors such as Agri and Food Processing, Technical Textiles, Engineering, Pharma & Medical Devices, Skill Development. He additionally reiterated the provision of 1000 Acres of land close to Rajpura for the event of devoted Japanese Industrial Township within the State.
In his opening remarks the Indian Ambassador to Japan, Sanjay Verma, welcomed Japanese firms to discover complementarities in India and particularly in Punjab introducing Punjab as one of the affluent states in India that can also be a most popular funding vacation spot for worldwide firms.
Highlighting the pro-industry environment within the State, Chief Secretary Vini Mahajan shared that Punjab is nicely on its method to turning into a lighthouse State in Ease of Doing Business. The investor-friendly ecosystem has allowed Punjab Government to obtain Rs. 80,000 crore of investments which might be beneath numerous phases of implementation. The State Government has aggregated land over 1000 acres at three places that may be explored by Japanese industries, mentioned the Chief Secretary.
On the event, Principal Secretary, Department of Investment Promotion Alok Shekhar, shared numerous actions being held by Punjab Government to construct upon the cordial relationship between Japan and Punjab apart from showcasing Punjab as a sexy vacation spot to Japanese firms shifting out of China.
CEO, Invest Punjab Rajat Agarwal, gave presentation on the massive funding alternatives within the State for the Japanese firms throughout a number of sectors which have complementarities with Japan. Mentioning the sectoral strengths within the State, he centered on numerous elements congenial to funding within the State such as peaceable labour relations, profitable incentives with no domicile constraint beneath the Industrial and Business Development Policy 2017 and the One Stop Office mannequin of Invest Punjab.
Minister (E&C), Embassy of India, Tokyo, Mona Khandhar, outlined the significance of Punjab as an essential vacation spot within the growth of Indo-Japan industrial and technical collaboration.
At the session, MD & CEO SML Isuzu Yugo Hashimoto, and MD Yanmar India Pvt. Ltd. Kazunori Aziki, shared their expertise of working in Punjab. They talked about the provision of ample expert manpower and powerful assist from Government of Punjab when it comes to ease of doing enterprise.
The representatives from Japanese Government our bodies such as Deputy Director-General, Ministry of Economy, Trade & Industry, Government of Japan, Osamu Onodera, hoped that Japan and Punjab are ready to strengthen their relationship for industrial collaboration. Similarly, Executive Vice President, Japan External Trade Organization (JETRO) Kazuya Nakajo, spoke about some great benefits of Punjab together with its strategic location, nice management, availability of ample & high quality energy, enticing incentives, and presence of sturdy logistics & connectivity.
Isha Kalia, ACEO, Invest Punjab reiterated the sturdy bilateral relationship of Japan and Punjab and welcomed Japanese industries to spend money on the State.