Japan plans to construct industrial corridor in S India

The Japanese government proposed to construct an industrial corridor in South India and a senior official would visit here this month for signing a memorandum of understanding (MoU), Hiroshima Prefecture Governor Hidehiko Yuzaki said today.

"The Japanese government is planning an industrial corridor in South India... Top officials (from Japanese Government) will be visiting here and sign a memorandum of understanding for the industrial corridor", he told reporters here.

Early in May during the inauguration of the Japan External Trade Organisation (JETRO) office in Chennai, Deputy Chief Minister M K Stalin had welcomed Japanese government investing in developing industrial corridors between Chennai-Bangalore and Chennai-Ennore, besides setting up a multi-level car park near Chennai.

The officials would be coming later this month, Yuzaki, who is on a four-day visit along with a 30-member delegation from Japan, said.

The delegation, as part of enhancing trade relations between Tamil Nadu government and Hiroshima (Japan), would sign a MoU with the state goverment to carry out activities in promoting investments and people-to-people networking relations, he said.

The University of Hiroshima and Hiroshima International University would also sign a MoU with College of Engineering, Anna University, and Guindy here as part of student exchange programmes.

He said nine Hiroshima Prefecture companies were present in India of which four were operational in Tamil Nadu. During 2000-2009, projects worth $5.3 billion  were executed in India.

As of 2008-09, India exported goods worth 300 billion yen to Japan, while it imported 760 billion yen, he said.