JETRO opens a Business Support Centre in Mumbai

22 Jul '08

5 min read

Shri Yasuo Hayashi, Chairman and CEO and Shri Masashi Kono, Director General, Japan External Trade Organisation (JETRO) present at Inaugural Ceremony of JETRO Business Support Center in Mumbai at The Ballroom, ITC Maratha, Sahar, Andheri East, Mumbai.

It gives me great pleasure to be with you on the occasion of inauguration of Japan External Trade Organization's Business Support Centre (JETRO) in Mumbai.

I complement authorities of JETRO for their initiative to start this business support centre in Mumbai – India's financial capital and fastly emerging as Financial Hub of South-East Asia. I hope this centre will strengthen the relation between our two countries and will get mutual benefit in expanding trade and commerce.

I appreciate that JETRO works with developing countries to develop export products, nurture industries and also improve the environment of investment. I am glad to know that JETRO has kept its pace at the changing face of World business dynamics and has been actively responsible for the increased business facilitations between Japan and rest of the World.

I fully support the views of Chairman of JETRO Mr. Yasuo Hayashi on achieving self-sustainable economic growth in developing countries through expanded trade, which is essential for the harmonious and stable growth of the over-all world economy. I am sure, both India and Japan can play an active role in achieving the stability in World economy.

As all of you are aware that Maharashtra being the growth engine of India's industrial and economic development, the State has been attracting highest foreign direct investment. I am glad to inform you that within the last two / three years, Maharashtra has attracted approximately Rs. one lakh and twenty thousand crore in various sectors. We have signed more than 95 MOUs with almost all the leading MNC companies like General Motors, Microsoft, Volkswagon, Logan, LG, Daimler Chrysler, Siemens, Boeing to name a few.

Almost all important auto companies have either started their units or expanded existing units in and around Pune. This area is now fastly emerging as Auto Hub of the country and with new auto companies in Nashik and Aurangabad, the Pune-Nashik-Aurangabad belt will emerge as auto hub of the South-East Asia in the near future.

Mihan Project in Nagpur has taken fast pace and within two/three years Nagpur will emerge as second IT Hub of the State after Pune. Maharashtra is witnessing a new industrial revolution and investors are now exploring small centres like Aurangabad, Latur, Solapur, Kolhapur, Chandrapur apart from Pune, Nasik and Mumbai.

Last two/three years, we have concentrated on the transformation of Mumbai into world-class Metro and I am happy to inform you that this city has been passing through an exciting change. There are lots of activities in enhancing infrastructures and transportation facilities. Work on first phase of Metro-Rail has already been commenced. We have got sanction for second phase.

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