On the Day Two of his investment-seeking visit to Japan, Chief Minister N. Chandrababu Naidu made his pitch to three major companies and managed to win the commitment of one of them, and the interest of two others.
Electrical equipment manufacturer Fuji Electric has identified a site in Vijayawada for a proposed smart grid project. This will, however, only be a pilot project, the main one being planned in Amaravati, the upcoming capital. However, it is Mitsubhishi Corporation’s keen interest in investing in the proposed Chennai-Bengaluru Industrial Corridor and the Krishnapatnam industrial node that has most enthused the visiting delegation. Industries secretary S.S. Rawat, who is in the CM’s delegation, suggested to the Mitsubhishi that it could set up a cluster near Krishnapatnam, bringing all its subsidiaries to one place.
Mitsubhishi has already committed to setting up a Japan Information and Study Centre at the Andhra University as part of its corporate social responsibility (CSR) activities to promote Japanese language and culture. The Japanese major also expressed interest in celebrating M.S. Swaminathan’s 90{+t}{+h}birthday, in collaboration with the State government and the Chief Minister proposed that Amaravati be the venue.
Mitsubishi senior VP Yasuhiko Kitagawa told the delegation that the company would undertake a five-year rural development programme in Krishna district from this year in collaboration with the MSS Foundation. Mr. Naidu asked Mitsubhishi to invest in the State’s food processing sector and assured the company that problems relating to infrastructure and clearances would be immediately addressed. Another company Mr Naidu pitched to, Mayekawa Mfg. Co Ltd, evinced interest in the fisheries sector.
Mitsubishi to undertake five-year rural development programme in Krishna district
Mayekawa Mfg. Co Ltd team to study fish processing units in Godavari districts in August
