Industrial estate for Japan likely to be ready in a year in Ahmedabad
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Work on Gujarat's first-country specific industrial estate dedicated specifically to Japanese industries has begun. The state government has issued a notification for acquisition of about 1,100 hectares of land meant for the industrial estate which is expected to be ready in a year's time, about 15 kms near the proposed Rs 4,000-crore Maruti Suzuki car manufacturing plant in Ahmedabad district, official sources said.
"This industrial estate, meant to attract investment from Japan, will largely house mid-level Japanese companies that are essentially part of the manufacturing sector. This Japan-specific estate will be larger that the Japanese zone created at Neemrana in Rajasthan," said a senior government official associated with the project that is taking shape in Mandal taluka of the district.
The Rajasthan Industrial Development and Investment Corporation (RIICO) has so far been successful in attracting Japanese investments worth over $450-million to Neemrana.
The Japan External Trade Organisation (JETRO) — an organisation supported by Japanese government — is already marketing the industrial estate to companies in Japan. In the last couple of years, JETRO has held several round of talks with the state government to finalise this Japan-specific industrial cluster in the state.
A couple of months ago, the notification for land acquisition for this project has already been issued by Gujarat Industrial Development Corporation (GIDC), the nodal agency for promoting industries in Gujarat.
In the upcoming Vibrant Gujarat Investors' Summit in January, state government officials are optimistic about Japanese companies signing memorandum of understanding (MoUs) with the state government for this industrial estate which is strategically located between Sanand and the Maruti's new car manufacturing plant at Hansalpur in Ahmedabad district.