Japanese Ambassador and Minister Meet Gujarat CM to Discuss Economic Cooperation and Investments

Japan's Ambassador to India, Keiichi Ono, and Japan's Minister of Economic and Development Affairs, Koyoko Hokugo, met with Gujarat Chief Minister Bhupendra Patel in Gandhinagar. The meeting focused on strengthening ties between Japan and Gujarat. The Ambassador praised the support provided by the Gujarat government to over 350 Japanese companies operating in the state.

The Chief Minister highlighted Gujarat's conducive environment for Japanese businesses, mentioning the presence of Japanese townships, restaurants, and industries. He also noted Japan's active involvement in the Vibrant Gujarat Global Summit. Patel emphasised that all agreements made during the 2017 Indo-Japan Annual Summit have been successfully implemented.

Focus on Semiconductor Sector

The Japanese Ambassador underscored the importance of the Dholera Special Investment Region (SIR) for semiconductor industry growth. He expressed Japan's commitment to using its expertise to benefit Gujarat in this sector. Many Japanese semiconductor firms are keen to invest in Dholera, according to the Ambassador.

The delegation urged the Chief Minister to enhance industrial infrastructure, social facilities, and human resource development. CM Patel assured that his government prioritises the semiconductor sector and is dedicated to providing world-class infrastructure within a set timeline.

Survey and Future Prospects

Japan's Mizuho Bank is conducting a survey in Dholera and Japan's semiconductor parks. This aims to develop an optimal ecosystem for the semiconductor industry. The Chief Minister stated that this survey will aid in establishing Gujarat as a semiconductor hub.

Ambassador Ono also highlighted Japanese companies' interest in electric vehicle manufacturing in Gujarat. He advocated for speeding up the Ahmedabad-Mumbai High-Speed Rail Corridor project, commonly known as the bullet train project, through collaborative efforts.

Japan's involvement in Gujarat's development is evident through various initiatives. The state's supportive environment continues to attract Japanese investments across multiple sectors. This collaboration promises mutual benefits and growth opportunities for both regions.

With inputs from PTI