15 Japanese firms to invest in Guj; JICA to give infra loan
As many as fifteen Japanese firms would sign agreements to invest in Gujarat during Japanese Prime Minister Shinzo Abe's visit, while the state would also get cheaper loan for infrastructure development from Japan International Cooperation Agency (JICA), the government announced today.
According to Gujarat Chief Secretary, J N Singh, 15 Japanese companies are keen to invest in Gujarat and will be signing agreements with the state government during the 12th Indo-Japanese annual summit in Gandhinagar on Thursday.
The summit will be held in the presence of Prime Minister Narendra Modi and his Japanese counterpart Abe, who will begin his two-day state visit from tomorrow.
Some of these companies include Moresco, Toyoda Gosei, Topre and Murakami.
"These firms will invest in Gujarat during the next one month, for which MoUs will be signed during the summit," Singh told reporters here today.
According to D Thara, vice-president and managing director of the Gujarat Industrial Development Corporation (GIDC), total 17-18 agreements to be signed during the summit, 15 will be between Japanese firms and the GIDC.
"Fifteen Japanese companies have already committed to invest in Gujarat, for which they've started the process of purchasing land from GIDC. These 15 companies will sign MoUs with GIDC during the summit," Thara told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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