Economy

Japanese companies keen to invest in AP: Mitsubishi CMD

Ch.R.S Sarma Visakhapatnam | Updated on January 22, 2018 Published on December 14, 2015


India has a great advantage in the country's young skilled workforce, whereas Japan does not have the advantage, according to Masakazu Sakakida, the Chairman and Managing Director of Mitsubishi Corpn. India Pvt. Ltd.

He was speaking here on Monday after inaugurating Japan information centre in the department of foreign languages in Andhra University.

He said India's demographic dividend can be made use of to the advantage of both India and Japan, if the two countries co-operate in all walks of life. "The ties between India and Japan are not merely economic and political, but cultural and religious as well as Buddhism has come from India to Japan," he said.

He said many Japanese companies were keen to invest in India and in particular Andhra Pradesh, especially near the new capital Amaravati. Prime Minister Narendra Modi and AP Chief Minister N. Chandrababu Naidu were sending very  positive signals to Japanese companies and therefore there would be a great deal of co-operation between the two countries.

In view of the background, he said, his company had set up the first Japan information centre at Ahmedabad and the second one in Andhra University in AP. As part of its CSR activity, Mitsubishi had set up these centres, he added.

He said his company had invested in AP at a plant near Tuni in East Godavari district and also in Sri City.

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Published on December 14, 2015
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