Members of the delegation that accompanied chief minister Narendra Modi on his four-day visit to Japan interacted with the media. Principal secretary Maheshwar Sahu, who led the delegation, said that companies eyeing Gujarat included IHI, a heavy engineering firm; Mizuho, a value-added financial services player; and Mitsubishi, which manufactures cars and electrical equipment. Other interested companies are Hitachi, which makes a wide range of products from home appliances to electronic devices; and Etochu, a machinery, aerospace, and electronics major. These companies will participate in the Vibrant Gujarat summit in January 2013, Sahu said.
“The Japanese are particularly interested in building their first industrial township about 15 km from the Maruti-Suzuki plant site near Bhechraji temple, instead of the site proposed earlier in the Dholera Special Investment Region,” Sahu said.
The Gujarat Industrial Development Corporation plans to acquire 600 hectares of land between Mandal and Bhechraji, on which Japanese industries will set up shop. Sudhir Mehta, chairman of Torrent group who was a part of the delegation, said: “Investment for projects comes over a considerable period of time.” Another delegate, Parimal Nathwani, group president of Reliance Industries, said: “There was a difference in the approach of the Japanese this time. While previously they were at an exploratory stage, they now wanted to know where to invest and how.”