Rajasthan inks deal with Japan

The signing ceremony at Jaipur was attended by Digamber Singh, minister of industries, Rajasthan, Ashok Sampat Ram, principal secretary (industries), N Noguchi, director general, JETRO, SM Nair, director, JETRO and other dignitaries.

The extension of the MoU is seen as a positive step towards improving the economic relationship between the Indian and Japanese governments.

 

As 45 per cent of the Delhi-Mumbai Industrial Corridor (DMIC) will pass through Rajasthan, the extension of this MoU will help promote business alliances between Japanese and Indian companies in this region, thus enhancing the employment and earning potential in the state.

"We are delighted with this agreement as it will boost economic ties and increase Japanese investments," said Digamber Singh, minister of industries, Rajasthan government.

"It will also help develop human resources in high technology areas and promote further development of our state. It is great to see that most of these Japanese MNCs have entered India viaNeemrana," he added.

The original MoU between RIICO and JETRO in July 2006 was related to the joint promotion of the first exclusive Japanese investment zone at Neemrana. Two years and 14 investments later, the MoU now has been extended to expand Japanese investments that bring modern technology and management practices and help in developing skills of white collar workers.

The DMIC is likely to be developed on the PPP model and will be along the 1,515 km-long Delhi Mumbai Freight Corridor (DMFC). It will extend 150 km on both sides of DMFC.

The Department of Industrial Policy & Promotion and DMFC have identified some key nodes for industrial development along the industrial corridor in Rajasthan. The Neemrana-Bhiwadi node is the first of these. Other nodes include Ajmer-Kishangarh, Jaipur-Dausa, Marwar junction and Bhilwara-Rajasmund.