Ministry of Economy, Trade and Industry
Font Size Change
S
M
L

METI Concluded an MOC with the State Government of Rajasthan, India, on Industrial Cooperation

On April 6, 2015, Mr. Yoichi Miyazawa, Minister of Economy, Trade and Industry, had a meeting with Ms. Vasundhara Raje, the Chief Minister of the State Government of Rajasthan, India, and both sides signed a Memorandum of Cooperation (MOC) on Industrial Cooperation in Rajasthan.

The conclusion of this MOC is part of the broader effort to achieve the goal of doubling Japan’s foreign direct investment and as well as the number of Japanese companies in India in five years, which was agreed upon at the Japan-India Summit Meeting in September of 2014. This is the second such initiative, following one with Andhra Pradesh, between the METI minister and the chief minister of a state in India.

Rajasthan has a variety of industrial advantages, including proximity to the National Capital Territory (NCT), the presence of a cluster of Japanese motor vehicle plants, and the fact that it is one of the major states in the industrial corridor that stretches from Delhi to Mumbai, all of which offer the state a high potential for investment.

Furthermore, the current Rajasthan Chief Minister Raje is well regarded for her efforts toward the development of industrial clusters, including the first industrial park dedicated to Japanese industries (Neemrana Industrial Park) through cooperation with JETRO when she was Rajasthan chief minister from 2003 to 2008, which in turn led to many Japanese companies opting to expand their business. Furthermore, Ghilot Industrial Park, a new industrial park dedicated to Japanese industries, is slated to be subdivided into lots for sale in the near future. Since her second inauguration in 2013, as the industrial sector called for the simplification of complex labor-related laws and deregulation, she revised the labor laws in favor of industry in October 2014, which was also well appreciated as a prompt response to the “Make in India” campaign initiated by the Modi administration.

The MOC includes the following points: METI and JETRO will support Japanese companies in developing their business in Rajasthan; the state government of Rajasthan will improve the business environment for Japanese industrial parks to meet global standards through the introduction of incentives and infrastructure development; and Japanese governmental organizations in India and the State Government of Rajasthan will launch a policy dialogue between them toward the development of the business environment. The conclusion of this MOC is expected to further accelerate Japanese companies’ development of their business in Rajasthan.

Reference 

Release date

April 6, 2015

Division in charge

Southwest Asia Office, Trade Policy Bureau

Related Information

Regional Affairs / India

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
Copyright Ministry of Economy, Trade and Industry. All Rights Reserved.