Maharashtra CM, Devendra Fadnavis is likely to sign Memorandum of Cooperation (MoC) with Japan for big ticket projects in the state. The CM is on a five day visit to Japan starting tomorrow.
The Chief Minister’s Office (CMO) has said that the state will make all possible efforts to improve the business environment and enhance infrastructure development in the state.
Under the memorandum, Japan External Trade Organization (JETRO) is likely to support investment activities in or around the 1,000 acres reserved for an industrial park at Supa-Parner Industrial Estate, Pune.
To match global standards the state government will try to improve the business environment with the help of incentives.
A ‘Project Facilitation Committee (PFC)’ comprising of JETRO officials, Japanese companies and Maharashtra government is also likely to be launched to strengthen cooperation between Maharashtra Industrial Development Corporation (MIDC) and to sort difficulties that Japanese companies may be facing in their projects under the leadership of Maharashtra Industrial Development Corporation (MIDC).
The official said that both sides are likely to seek cooperation in future metro projects such as Mumbai metro Phase 2, Nagpur metro and Pune metro in a mutually beneficial manner, and in the important infrastructure projects such as the Mumbai Trans-Harbor Link (MTHL),”.
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