Gehlot invites Japanese companies to invest in petrochemicals and skill sectors

Rajasthan Chief Minister Ashok Gehlot on Thursday urged Japanese companies to invest in the Barmer petrochemical complex and sectors like skills development, while stressing the companies’ positive approach to investment in the State.

He said that Japanese companies have made investments in the state in the past and that they should now write another chapter by investing in the petrochemical complex under construction in Barmer and in other sectors, including the development of skills.

The Chief Minister was speaking at a Memorandum of Understanding signing ceremony held at Neemrana Industrial Estate in Alwar district.

The Memoranda of Understanding (MoU) have been signed by 11 Japanese companies with a total investment of Rs 1,338 crore, according to an official statement.

It will generate job opportunities for 2,272 people in different sectors, according to the statement.

Gehlot said the government will expand support for Japanese companies to open skills development centers.

Former Prime Minister Manmohan Singh visited Japan in 2005 during which the Delhi-Mumbai Industrial Corridor (DMIC) was conceptualized, the chief minister said, adding that Japan’s Neemrana area is also part of the DMIC .

He said the priority of the state government is to have work done in a planned manner on the part of the DMIC that passes through the state.

Speaking on the occasion, Japanese Ambassador to India Satoshi Suzuki said the number of Japanese companies working in the state was 10 in 2008 and increased to 170 in 2021.

He said India and Japan shared fundamental values ​​such as rule of law and democracy.

Industry Minister Shakuntala Rawat and other state government officials and Japanese business representatives attended the occasion.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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