Industrial estate for Japan likely to be ready in a year in Ahmedabad
- Dengue: Toll reaches 16 as two more girls die; over 2,000 tested positive
- Bihar polls: After quitting Grand Alliance, Mulayam forms Third Front
- US Federal funds rate remains unchanged, defers to global economic volatility
- Bharti gets relief from arrest as HC reserves order on anticipatory bail
- No ban on meat in Maharashtra as SC rejects plea against Bombay HC's order
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.