Japanese delegation meets UP CM & explores investment avenues in the State
- IBJ Bureau
- Nov 06, 2023
A high-level Japanese delegation – led by Japan’s Ambassador to India Hiroshi Suzuki, Political Counsellor of Japanese Embassy Kentaro Orita and Second Secretary Mayumi Tsubakimoti – held a bilateral meeting with Uttar Pradesh Chief Minister Yogi Adityanath recently to discuss investment opportunities and enhance bilateral ties between Japan and Uttar Pradesh.
The Japanese delegation also participated in an interactive session on emerging opportunities across various fields in the State. The session offered a platform for brainstorming, planning and setting the path for future collaborations. It also served as a testament to shared commitment of both Japan and Uttar Pradesh to harness the untapped potential of their partnership, according to a media release from Uttar Pradesh.
Organised by Invest UP, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI), the primary focus of the discussions was to establish and strengthen trade relations between Japan and Uttar Pradesh as well as explore avenues of cultural cooperation.
Speaking at the event, Mr Suzuki said: “These are exciting times for Uttar Pradesh as the UP government, under the able leadership of Chief Minister Yogi Adityanath, and the Japanese government embark on a new era of collaboration and exchange.” He added that Indo-Japanese ties had grown by leaps and bounds with the growing friendship between the two nations’ top leadership.
Announcing the state’s commitment to development, Minster of State for Industrial Development Jaswant Singh Saini said that Uttar Pradesh was at the forefront of industrial growth. UP led the way as the first State to introduce a single-window portal, Nivesh Mitra, for investors, he added.
Energy Minister A K Sharma assured that the Uttar Pradesh government was extending all support to the Japanese companies to invest in the State’s energy sector. “Uttar Pradesh aims to generate a massive 22,000 mw of solar energy by 2027,” he added.
Invest UP CEO Abhishek Prakash said that Uttar Pradesh had become the preferred destination for investments. Listing out infrastructure development, including vast network expressways, airports and upcoming industrial projects, he added that Uttar Pradesh was one of the easiest States to do business in. With an exclusive FDI policy to attract investors, the State was all set to woo investors from across the world.
Japanese companies like OMC power, JBIC, JETRO and ARMS have shown keen interest in investing in Uttar Pradesh, recognising the state’s immense potential for growth and development.
Major companies from Japan operating in Uttar Pradesh include Honda Motors, Yamaha Motors, Denso, Toyo Ink, Nissin ABC Logistics, Sekisui DLJM Moulding and Mitsui and Co, among others.