Rajasthan CM Bhajanlal Sharma Promotes Investment in Tokyo
Historic Partnership with Japan
Rajasthan is marking a pivotal moment in its historic partnership with Japan through an international investor meet held in Tokyo. Chief Minister Bhajanlal Sharma expressed confidence that this meet will herald a new chapter in the relationship between Rajasthan and Japanese entrepreneurs.
Tokyo’s Significance
Sharma highlighted Tokyo’s importance, known for its technological innovation, corporate leadership, and advancements in electronics and the automobile industry. He remarked, “Japan has been a leading investor in India, and I am pleased to be standing in Tokyo, a city renowned for its technological innovation, corporate leadership, electronics, and automobile industry.”
Commitment to Investors
Rajasthan’s commitment to resolving investors’ issues and creating a positive business environment was emphasized. Sharma conveyed the state’s dedication to strengthening trade relations with Japanese investors, particularly in Rajasthan’s burgeoning industrial zones.
Omotenashi and Cultural Ties
The cultural aspect of the partnership was also underscored, with Japan’s renowned spirit of hospitality, “Omotenashi,” playing a role in the welcoming nature of the investment environment.
Success of Neemrana Japanese Investment Zone
Sharma highlighted the success of the Neemrana Japanese Investment Zone, where over 48 Japanese companies have invested approximately USD 8.34 billion and employed over 26,500 people. This success has bolstered Japan’s confidence in Rajasthan as an investment destination.
Infrastructure Development
To address infrastructure needs, Sharma outlined the state’s efforts in increasing water availability through the Eastern Rajasthan Canal Project (ERCP).
New Japanese Investment Zone
The introduction of a second Japanese investment zone, situated 20 km from Neemrana, was presented as an opportunity for expanded global investment.
Future Policies
Future policies to simplify the business environment were discussed, including new industrial and sector-specific policies. Sharma mentioned the Rajasthan Investment Promotion Scheme (RIPS) as one of the best incentive schemes in India.
Renewable Energy and Industrial Opportunities
Rajasthan’s leadership in renewable energy and commitment to green development were emphasized as key factors in attracting investors. The state’s diverse industrial opportunities were highlighted, including sectors such as automobiles, engineering, textiles, and electronics.
RajNivesh Portal
To facilitate investment, the RajNivesh portal was introduced, integrating multiple services for streamlined approvals.
Vision for Long-term Partnership
Concluding the address, Sharma expressed the state’s vision for a sustainable, long-term partnership with Japan, emphasizing mutual technical expertise and commitment to development.
Doubts Revealed
Rajasthan -: Rajasthan is a state in India, known for its deserts, palaces, and rich cultural heritage.
CM -: CM stands for Chief Minister, who is the head of the government in an Indian state.
Bhajanlal Sharma -: Bhajanlal Sharma is the Chief Minister of Rajasthan, responsible for the administration and governance of the state.
Tokyo -: Tokyo is the capital city of Japan, known for its modern architecture, shopping, and cultural sites.
Neemrana Japanese Investment Zone -: The Neemrana Japanese Investment Zone is an area in Rajasthan where many Japanese companies have set up their businesses.
Investment -: Investment means putting money into something, like a business, to make a profit or gain benefits in the future.
Renewable energy -: Renewable energy comes from natural sources that can be replenished, like sunlight, wind, and water.