The Japan External Trade Organization, JETRO, an official promotion body for trade and investment has undertaken initiative to boost bilateral trade and investment between India and Japan.
In order to promote Maharashtra as a major investment destination, JETRO Mumbai signed a memorandum of understanding (MoU) with Maharashtra Industrial Development Corporation (MIDC), supporting them to develop the new industrial zone in Pune exclusively for Japanese manufactures.
The park will come up on 1,200 acres at the Supa Parner industrial estate in Ahmednagar, around 75 km from Pune. According to MIDC officials, around 27 companies have shown interest in establishing a base near Pune, and a special cell will be set up to process and expedite the applications.
