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Mitsui, Marubeni eye investments in India
Our Bureau
New Delhi, July 26 Japan’s Mitsui & Company, and Marubeni Corporation are interested to invest in the transport and power sectors in India.
This was conveyed to Mr Ashwani Kumar, Minister of State (Industry), by Mr. N Ohasi, Chairman Mitsui and Company, and Mr. Sakamoto, Member of the Board of Marubeni Corporation in Japan during a meeting. Mr Kumar is in Japan on an official visit. A statement today said Mitsui was likely to invest in locomotivesfor the freight corridor project and would also seek a role of Indo-Japan Business Conclave, which is expected raise an investment over $2 billion.
Focus on logistics
Mitsui would focus on the development of logistics and infrastructure at Greater Noida and Rajasthan.
Mr Sakamoto said that the firm wasexploring infrastructure including the power sector apart from expanding its trading operations in India. Marubeni has set up a study group to identify projects and Indian partners.
Between August 25 and 28, a Japanese business delegation comprising 200 leaders, headed by Japanese Prime Minister will visit India, the statement said.
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