Tamil Nadu to sign MoUs with Japanese firms: Jayalalithaa
February 12th, 2012 - 8:28 pm ICT by IANSChennai, Feb 12 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Sunday said her government would soon sign Memoranda of Understanding (MoU) with a couple of Japanese companies willing to invest in production bases here.
Inaugurating the plant of Toshiba JSW Turbine & Generator Pvt Ltd here, she said: “At present some large Japanese companies are considering substantial investments in Tamil Nadu. My government will soon sign MoUs with these companies.”
She said Japanese companies had been evincing interest mainly in the manufacturing sector where Tamil Nadu is a leading state.
“The auto sector accounts for about 60 percent of Japanese foreign direct investment in Tamil Nadu. I am confident that Chennai will emerge as the world’s largest auto cluster,” Jayalalithaa said.
Assuring all her previous speakers who had requested her to strengthen roads and bridges, she said: “My government is aware of the infrastructure problems particularly the connectivity bottlenecks to Ennore Port currently faced by Toshiba and Nissan. On this occasion, I wish to assure you that my government is taking steps to solve these port connectivity related issues expeditiously.”
Jayalalithaa said Japanese companies are evincing interest in investing in infrastructure projects as well.
“The Joint Steering Committee consisting of the Government of Tamil Nadu and METI (Ministry of Economy, Trade and Industry), Japan has identified a number of infrastructure projects for cooperation,” Jayalalithaa said.
These include promotion of new industrial parks, Japanese Industrial Townships, logistics parks, Chennai-Bengaluru Corridor of Excellence, waste water treatment, desalination and others.
She said a few Japanese prefecture governments like Kanagawa and Aichi prefectures have evinced interest in signing cooperation agreements with Tamil Nadu.
Speaking at the function Norio Sasaki, president and CEO of Toshiba Corporation said the 500 company group is writing a new page in the Indian power sector history with its Chennai plant.
He requested the Tamil Nadu government to strengthen the roads and bridges so that they can bear the turbine load.
- Toshiba JSW to export power turbines, generators - Feb 12, 2012
- Tamil Nadu to strengthen roads for Toshiba JSW Turbine's project - Jan 12, 2012
- Japan, Tamil Nadu to ink MoU for industrial corridor project - Nov 08, 2010
- Japanese firms to increase investment in Tamil Nadu - Jan 25, 2012
- New industrial policy soon, says Jayalalithaa - Jan 10, 2012
- Tamil Nadu to ink more investment agreements: Jayalalithaa - Apr 18, 2012
- Tamil Nadu to announce major investment policies - Jan 21, 2011
- Windfall for Tamil Nadu power equipment makers - Sep 18, 2011
- BHEL's exit from Udangudi Power depends on government's offer - Feb 26, 2012
- Japanese delegation to sign MoU with Tamil Nadu this year - Sep 28, 2010
- Trade ties with India to be strengthened: Japanese minister - Jan 22, 2011
- Ascendas, Japanese firms to build industrial township near Chennai - Jan 10, 2012
- Toshiba to start production of turbine generators in July - Jan 22, 2011
- Tamil Nadu scraps power joint venture with BHEL - Feb 24, 2012
- Japan hopes Tamil Nadu will go ahead with metro rail project - Jun 16, 2011
Tags: auto sector, cooperation agreements, economy trade, government of tamil nadu, infrastructure problems, infrastructure projects, j jayalalithaa, japanese companies, japanese firms, japanese prefecture, joint steering committee, jsw, largest auto, memoranda of understanding, roads and bridges, sector accounts, substantial investments, toshiba corporation, turbine generator, waste water treatment