Three Japanese firms to invest in Maharashtra

ElecTrike, A S BRAIN, A2C show interest

Maharashtra Chief Minister Devendra Fadnavis today said three Japanese companies have handed over letters of intent for investment in the state under the government's 'Make in Maharashtra' programme.

Takeshi Washitani, Chief Executive Director of A S BRAIN Co, handed over the letter of intent to Fadnavis. The company has expressed its intention to start hospitality, infrastructure and IT businesses in Maharashtra.

On behalf of A2Care, its president Hiroshi Okamoto, handed over the document to Fadnavis. A2Care is a pharmaceutical company and manufactures water treatment products to supply clean river and dam water.

Chief Executive Director of ElecTrike Japan, Noboru Matsunami, disclosed his company's plan to manufacture eTrike (electric tricycle) in Maharashtra.

MIDC and Mizuho Bank signed an MoU in the presence of Fadnavis to accelerate investment activities in India.

"This MoU will accelerate Japanese companies' efforts to promote economic expansion in India and particularly, in Maharashtra," the Chief Minister said.

Fadnavis visited Yokohama port, which handles 27 million tonnes of cargo, and reviewed the development work being carried out.

The Association of Friends of Japan agreed to work as a facilitating centre in Japan to bring investment to Maharashtra, Fadnavis said while speaking at a function organised by Association of Friends of Japan.

Porite Corp is setting up metallurgy powder factory at Talegaon MIDC with an investment of Rs 100 crore in phase 1 and Rs 100 crore in phase 2, Fadnavis said.