Japanese delegation to visit DMIC for investment option

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Bhubaneswar, Jan 15 (UNI) A 50-member Japanese delegation will visit the Delhi-Mumbai Industrial Corridor(DMIC) next month to find out the feasibility of investment options, according to Japan External Trade Organisation Director General Naoyoshi Noguchi.

Mr Naoguchi, who signed a Memorandum of Understanding(MoU) with the Industrial Promotion and Investment Corporation(IPICOL) of Orissa government for investment promotion, said Japan had received very positive response from the mission members on investment in India.

He said while both India and Japan had been expanding their respective economic relationships with East Asia,the economic potential between Japan and India was not fully exploited.

India's share of Japan's total international trade amount stood just one per cent although the country had vast potential to be tapped, the JETRO Director General said.

Mr Noguchi said JETRO had signed MoUs with the state government enterprises of Rajasthan and Gujarat similar to one being entered into today with the IPICOL to facilitate Japanese investment to these states.

''We are happy to say that these efforts have started bearing fruits as as many as eleven Japanese companies have completed their initial establishments procedures at Neemrana in Rajasthan while nine are in the process of doing so,'' he said.

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