Shinzo Abe to visit Gujarat in September, investments worth Rs 1 lakh crore on the table



Japanese Prime Minister Shinzo Abe will be leading a delegation of Japanese businessmen and investors to visit Gujarat in September. The three-day visit in which Prime Minister Narendra Modi will also take part is expected to bring investments worth Rs 1 lakh crore to the state.

Abe will be in Gujarat between 13th and 15th September. What makes the visit unique is that Abe will not be visiting any other state during the tour. According to DNA Dr JN Singh, Chief Secretary of the state said that ”the Japanese prime minister does not have any other engagement in India other than in Gujarat. Around 15 to 20 Japanese business tycoons are expected to join the delegation and they are likely to make huge investments in the state by signing MOUs with different government entities here.”

report in the Times of India said that the visit will include various programs such as stone laying ceremony of the Mumbai- Ahmedabad bullet railway project, an inauguration of the Buddhist festival besides a visit to a recently excavated Buddhist site.

The delegation of Japanese businessmen may also be visited by the Chief Ministers of some neighbouring states. Reports say that in order to make the investment process smoother, a Japanese agency instead of GIDC (Gujarat Industrial Development Co-operation) will be facilitating the investment process.

The move is seen as part of increasing cooperation and bilateral ties between the two Asian powers in the context of rising Chinese influence in the global geo-polity.

The two nations had recently forged a project named Asia Africa Growth Corridor (AAGC) which many perceive as a counter balance to the Belt and Road Initiative project of China.

About admin

Sharetipsinfo deals in Indian stock market and delivers cash intraday tips, future tips, Nifty trading tips, Option strategies and highly accurate commodities tips. Sharetipsinfo covers NSE, BSE, MCX and NCDEX
This entry was posted in Stock Market View and tagged , , , , , . Bookmark the permalink.
Copyright © 2012. Share Tips Info All Right Reserved.