HIGH PROFILE DELEGATION FROM JAPAN’S TOYAMA STATE VISITS SRI CITY

Sri City, October 27, 2016:- A 15 member delegation from the prefecture (state) of Toyama in Japan, headed by Mr. Ohashi Yutaka, Deputy Director-General, Urban Commercial Development Division, Toyama Prefectural Government visited Sri City on Thursday. Mr. Satish Kamat, President (Works), Sri City extended a warm welcome and gave a briefing on the infrastructure and unique features of Sri City.

Speaking after visiting the industrial zone, Mr. Ohashi Yutaka stated that they all were allured with the world-class infrastructure and business friendly ambiance at Sri City, and complimented the management for setting up such a vast industrial park in an efficient and effective manner. “I wish more business in Sri City in near future,” he added.

Thanking the delegation for including Sri City in their itinerary along with Amaraviti, AP’s new capital area, Mr. Ravindra Sannareddy, Founder Managing Director, Sri City, said, “Both Toyama and AP have striking similarities and strong synergies in common, such as advantageous location, abundant natural resources, lengthy, surplus power, hard working people, etc., and all these can translate into mutually rewarding business associations. Visit of this kind will strengthen further the bilateral economic and trade relations,” he added.

During the briefing session, they all evinced keen interest and quizzed on different aspects, particularly on the Japanese enclave at Sri City. Later, the delegation toured the industrial zone and visited the factory of Piolax, one of the Japanese autocomponent manufacturers in Sri City.

Besides the officials of Japan External Trade Organization (JETRO), the delegation comprised of representatives from prominent business houses, such as Hokusei Products, YUKI Industries, Earth Recycle Corporation, Bank of Tokyo-Mitsubishi UFJ, MSG, and Komatsu NTC, among others.

Toyama is the leading industrial state on the west coast of Japan. So as to facilitate exchange of technology, technical assistance from Toyoma in various fields, in December, 2015, the Andhra Pradesh government (AP) signed a ‘Sister State’ agreement with Toyama government. The MOU focuses on creating conducive environment in AP for Japanese industries to investment in different sectors. At this backdrop, for assessing the business potential and to explore the investment opportunities in AP, the delegation has been visiting different parts of AP during the past two days, and visit to Sri City in a part of it.