City
Epaper

Japanese firms keen to invest in Andhra Pradesh: Diplomat

By IANS | Published: July 29, 2019 9:28 PM

Japanese companies are ready to invest in dedicated automobile, electronics and pharmaceutical manufacturing clusters and in creating infrastructure for ports in Andhra Pradesh, a Japanese diplomat said on Monday.

Open in App

Japan's Consul General in Chennai, Kojiro Uchiyama conveyed this during his separate meetings with Chief Minister Y.S. Jagan Mohan Reddy and Chief Secretary L. V. Subrahmanyam here.

Jagan Reddy said his government was ready to allot lands to the interested Japanese firms.

During the meeting with Chief Secretary, Uchiyama said Andhra Pradesh is a priority destination for Japanese companies as the state ranked number one in ease of doing business.

The Japanese Ministry of Agriculture, Fisheries and Food is already looking at the possibility of increasing food production, and opportunities in the fisheries industry through the Japanese Information and Research Institute in the state.

Uchiyama also discussed with Jagan Reddy the establishment of industries in the state and strengthening of bilateral relations.

The Chief Minister invited Japan to look into the possibilities for investments in establishment of cold storage, warehouses, agriculture labs and other infrastructure.

He explained the proposal to introduce electric buses in the state and sought investments in the sector.

The Chief Minister said that Andhra Pradesh is favorable for Japanese companies because of the availability of sophisticated facilities, developed ports, infrastructure and skilled manpower.

Citing the action being taken up by the government to eradicate corruption and to bring transparency in governance, he told the Japanese diplomat that the actions being implemented would reduce the cost of lands, water and electricity and thus help the industrial sector.

According to an official release, the Chief Minister explained that with the newly launched Andhra Pradesh Investment Promotion and Monitoring Authority, the government will be fully supportive from the investment stage to the production stage.

He said that a peaceful and tranquil environment is needed for industries to grow and for that the government has given 75 per cent reservations to locals in the industries. He also spoke about the establishment of special centres for development of skilled manpower for this purpose.

( With inputs from IANS )

Tags: japanKojiro UchiyamaJagan ReddyY S Jagan Mohan Reddy
Open in App

Related Stories

InternationalEarthquake in Japan: Quake of Magnitude of 6.9 Rattles Bonin Islands; Dramatic Visuals Surface

EntertainmentAamir Khan's Dangal Gets Replaced by This Japanese Film as Highest Grossing Asian Movie Overseas

InternationalPakistan: Two Killed in Suicide Bomb Attack on Vehicle Carrying Japanese Nationals in Karachi

InternationalEarthquake in Japan: Quake of Magnitude 6.3 on Richter Scale Strikes East Coast of Honshu

InternationalTaiwan Earthquake: 77 People Trapped, 700 Injured Across the Island Country After Powerful Quake

National Realted Stories

NationalOmar Abdullah says BJP trying to divide people on religious lines

NationalIANS Interview: Do I look like a goonda or mafia to you, asks Dimple Yadav

NationalCM Stalin cuts short his holiday in Kodaikanal, to return to Chennai today

NationalRahul Gandhi Accuses Modi Govt of ‘Clandestinely Snatching Away’ Reservation by Blindly Implementing Privatisation

NationalKerala HC rules 'employees' cannot claim better terms of gratuity as a right