Ahmedabad: More than 100 Japanese companies would invest in Gujarat in the next two years, said Kenichiro Toyofuku, Deputy Director-General of Japan’s trade promotion organization.
“We plan to make Gujarat the biggest automobile hub in the country during the next seven years,” Toyofuku told a gathering of business executives at the Ahmedabad Management Association. “We also plan to invest in logistics and hospitality.”
More than a year ago, Jetro took the rare step of establishing a regional office in Ahmedabad. Suzuki Motor and Hitachi are among the Japanese companies that have invested in Gujarat.
“Nearly 50 Japanese companies are in the process of setting up plants in Gujarat,” said Mukesh Patel, president of the Indo-Japan Friendship Association.
Takeshi Yagi, Japan’s ambassador to India, expressed support for an exclusive Japanese industrial cluster in Gujarat, saying the number of Japanese companies operating in the state will soon rise from 60 to more than 100.
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