Minister assures Japanese investors of all help

Special Correspondent

Number of Japanese firms in India has increased by 50 %

CHENNAI: Minister for Rural and Small Industries Pongalur N. Palanisami on Wednesday urged Japanese investors to make Tamil Nadu their “preferred investment destination,” and assured them all help from the State Government.

At a seminar on Outsourcing opportunities between small medium enterprises in Japan and Tamil Nadu,” organised by the Indo-Japan Chamber of Commerce and Industry here, Mr. Palanisami said Japanese investors should capitalise on the “investor- friendly climate in Tamil Nadu.”

Listing steps taken by the State Government to promote big, small and medium enterprises, he said during 2007-08, the State Industrial Development Corporation (SIDCO) would create new industrial estates at Thiruvarur, Villupuram, Perambalur, Pollupalli-Krishnagiri, Oragadam-Kancheepuram, Kakkalur Phase-II-Thiruvallur, Sankagiri-Salem, Sedapatti-Madurai, Modakurichi-Erode, and Bargur Part-II-Krishnagiri.

SIDCO also planned to construct multi-storey buildings in three places near Chennai for housing small units. Of the 50 clusters identified for promotion, 15 would be taken up during 2007-08.

“Pivotal role”

Consul-General of Japan in Chennai Kazuo Minagawa said small and medium units played a pivotal role in Tamil Nadu, one of the largest and fast growing economies in India. He saw huge outsourcing potential for the units in Japan and Tamil Nadu.

The number of Japanese companies, which invested in India had increased by 50 per cent and 350 of them were small and medium units.

National Confederation of Small Industries president D.E. Ramakrishnan wanted the IJCCI to set up an SME desk for furthering the cause of small units in the State and also to act play the role of a catalyst with the SMEs in Japan.

More scope

R. Veeramani, president, IJCCI, felt there was more scope for exploring business opportunities between the countries, especially in information technology and manufacturing.

N. Krishnaswami, secretary-general of the IJCCI, said the seminar was being held at a time when India and Japan had opened a new chapter in their ties and were celebrating 2007 as the India-Japan Friendship Year to mark the 50th anniversary of the Japan and India Culture Treaty.

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