15 Japanese firms to invest in Gujarat

India Infoline News Service | Mumbai | September 13, 2017 17:44 IST

As many as 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 September 14, reported a national news agency.

As many as 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 September 14, reported a national news agency.
 
The summit will be held in the presence of Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe, who will begin his two-day state visit on Wednesday.
 
According to Gujarat Industrial Development Corporation Vice President and Managing Director D Thara, of the 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 have started the process of purchasing land from GIDC. These 15 companies will sign MoUs with GIDC during the summit," Thara informed adding that the quantum of investment by these firms will be disclosed later.

Both Modi and Abe are expected to land at Ahmedabad on Wednesday. They are slated to take part in the Indo-Japanese Annual Summit in Gandhinagar the next day after laying the foundation stone for the Ahmedabad-Mumbai Bullet Train project.

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