13th Japanese Industrial Township in Assam

13th Japanese Industrial Township in Assam
07/08/2020 , by , in ALLIED

India is planning to set up the 13th Japanese industrial township in Assam, a move aimed at promoting domestic manufacturing and strengthening economic ties between the two countries.

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said they are working on a Geographic Information System-enabled data base of industrial areas and clusters across the country.

“In terms of infrastructure, India has 12 Japanese industrial townships across nine states, a 13th is being planned in Assam. These are integrated industrial parks with ready to move in infrastructure facilities, with world-class infrastructure, plug and play factories, pre-approved licences and investment incentives exclusively for Japanese companies,” he said.

Under IJICP, trade and industry ministries of both the countries will jointly work towards enhancing India’s industrial competitiveness through discussion in areas such as development and utilization of industrial zones to promote foreign direct investment, lowering cost of logistics, and facilitating smooth governmental procedures.
Japanese Vice Minister for economy, trade and industry Shigehiro Tanaka said that in this partnership both the countries have been discussing sectoral and also company specific issues.

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