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Tamil Nadu to set up exclusive industrial park
for Japanese firms
Chennai: The Tamil Nadu government will set up
an industrial park for Japanese small and medium
enterprises (SME) near here in a bid to attract
more investments from the east Asian country to
the state. "We plan to set up an industrial
estate, specifically for units from Japan at
Oragadam. The industrial estate will be on a
100-acre land targeting the Japanase SME units,"
state Industries Department Principal Secretary
Rajeev Ranjan said Tuesday. Ranjan
clarified that the industrial park will not be a
special economic zone (SEZ). "It will be an open
industrial park but for Japanese companies," he
told news agencies on the sidelines of a seminar
organized by Confederation of Indian Industry (CII)
and Japan External Trade Organisation (JETO), in
the state capital.
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The Tamil Nadu government had earlier announced plans to
start country-specific industrial parks to attract
investments from countries like Japan, South Korea,
Finland and France. Earlier addressing the
conference, Ranjan cited the growing Japanese
investments in the state. "In Tamil Nadu there are now
about 170 Japanese companies, up from 77 in 2008," he
said. He also said the state government was
planning to set up a working group including members of
the Japanese Ministry of Economy and Trade and Industry
(METI) to study the feasibility and other issues
involved in building the Chennai-Bangalore corridor of
excellence.
