The Japanese External Trade Organisation (Jetro), an official promotion body for trade and investment, has signed a memorandum of understanding with the Maharashtra Industrial Development Corporation to set up a Japanese Industrial Zone at Supa-Parner Industrial Estate, about 80 km from Pune.
“We have signed an MoU with the Maharashtra government to develop an exclusive new industrial zone for Japanese manufacturers,” Takehiko Furukawa, director general at Jetro, said.
Takehiko Furukawa said at present several Japanese auto components manufacturers, including BEST Corporation, Yamaha Corporation, Panasonic Automotive Systems, Toyo Ink were keen to set up their units in this region.
He said Pune, being home to large automobile companies such as Tata Motors, Bajaj Auto, Mahindra and Mahindra, Force Motors and international giants such as Mercedes-Benz, General Motors, Volkswagen, Jaguar Land Rover, Fiat, among others, offers a huge business potential for auto components sourcing.
“The Japanese auto component manufacturers, who are eyeing a huge business opportunities in the auto hub of Pune, would like to invest heavily in the proposed industrial zone,” Furukawa said. He said establishing Japanese auto component units in Pune region would reduce imports by international auto majors, including Japanese auto firms such as Suzuki Motors, Honda Motor Company, Toyota and source the same from the proposed industrial zone.
He said Jetro expects automobile sales to remain strong going ahead in this Asia’s third largest economy and the Japanese companies would play a huge role by improving supplies to the automobile market.
“The proposed industrial zone will come up on 1,200 acres campus, which is in the process of being acquired within six months,” Annasaheb Chavan, regional director (west) at MIDC said.
He said so far over 27 companies had shown keen interest to set up base in the project in Ahmednagar district in Maharashtra.
Furukawa said Jetro’s first industrial project in India came up in Neemrana, Rajasthan, in 2006.
Spread over 1,167-acre campus, this zone has over 30 Japanese companies that have invested nearly Rs 2,520 crore in various projects, he said. These firms directly employ 5,129 staff, he said.
Furukawa said at present there are 962 Japanese companies in India and 76 Japanese firms were based in Pune.
“We have signed an MoU with the Maharashtra government to develop an exclusive new industrial zone for Japanese manufacturers,” Takehiko Furukawa, director general at Jetro, said.
Takehiko Furukawa said at present several Japanese auto components manufacturers, including BEST Corporation, Yamaha Corporation, Panasonic Automotive Systems, Toyo Ink were keen to set up their units in this region.
He said Pune, being home to large automobile companies such as Tata Motors, Bajaj Auto, Mahindra and Mahindra, Force Motors and international giants such as Mercedes-Benz, General Motors, Volkswagen, Jaguar Land Rover, Fiat, among others, offers a huge business potential for auto components sourcing.
“The Japanese auto component manufacturers, who are eyeing a huge business opportunities in the auto hub of Pune, would like to invest heavily in the proposed industrial zone,” Furukawa said. He said establishing Japanese auto component units in Pune region would reduce imports by international auto majors, including Japanese auto firms such as Suzuki Motors, Honda Motor Company, Toyota and source the same from the proposed industrial zone.
He said Jetro expects automobile sales to remain strong going ahead in this Asia’s third largest economy and the Japanese companies would play a huge role by improving supplies to the automobile market.
“The proposed industrial zone will come up on 1,200 acres campus, which is in the process of being acquired within six months,” Annasaheb Chavan, regional director (west) at MIDC said.
He said so far over 27 companies had shown keen interest to set up base in the project in Ahmednagar district in Maharashtra.
Furukawa said Jetro’s first industrial project in India came up in Neemrana, Rajasthan, in 2006.
Spread over 1,167-acre campus, this zone has over 30 Japanese companies that have invested nearly Rs 2,520 crore in various projects, he said. These firms directly employ 5,129 staff, he said.
Furukawa said at present there are 962 Japanese companies in India and 76 Japanese firms were based in Pune.
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