Gujarat realtors' delegation to visit Japan, Korea

Even as Gujarat chief minister Narendra Modi hopes to see the state, alongwith Japan and Singapore dominate the Asian economy, a delegation of 95 real estate developers from Gujarat will be visiting Japan and Korea to study and imbibe technological know-how of infrastructure in these Asian economies.

The delegation, comprising members of Confederation of Real Estate Developers Assocation of India (CREDAI) Gujarat chapter, will be accompanied by members of Japan External Trade Organisation (JETRO) and Korean Chamber of Commerce and Industries.

"We will be leaving with Japanese and Korean delegation to visit these two countries to undertake a technical study of their infrastructure and try to bring those technology to Gujarat. Both Japan and Korea have exhibited some technology in building their infrastructure and developers in Gujarat intend to imbibe them to come up with some technologically advanced properties that are cost efficient as well," said Jaxay Shah, president, CREDAI Gujarat delegation.

The real estate developers delegation will leave for these countries from September 29, 2009 and return in mid October 2009, Shah added.

In Gujarat, JETRO has been in talks with the state government for investment on the Delhi-Mumbai Industrial Corridor (DMIC) - India's mega infrastructure project in association with Japan. From Palanpur in Banaskantha to Valsad down south, the DMIC will traverse 38 per cent of its 1,483-km route through Gujarat.

Moreover, the upcoming Dholera special investment region (SIR) will see a mini-Japan with several projects from the country. Apart from Dholera SIR and Dahej PCPIR, the Japanese have shown interest in developing Aliabet, a wasteland in the Gulf of Khambhat.

During the Vibrant Gujarat Global Investors' Summit (VGGIS) 2009, Japan had also been the partner country with the state government.