NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » Township for Japanese investors in Chennai

Township for Japanese investors in Chennai

November 07, 2005 16:21 IST
Cashing in on the rapidly growing ties between India and Japan, the Tamil Nadu government plans to set up a 'home-away-from-home' township exclusively for Japanese investors in the capital city of Chennai.

"My government is firmly committed to create an entire ecosystem where investors feel welcome, wanted and wholly satisfied," Chief Minister Jayalalithaa told a delegation from Fukuoka city in Japan, led by its Mayor Hirotaro Yamasaki.

"I know investors from Japan are also looking for a township that would address housing, cultural, educational, entertainment, social and culinary needs of their community - the concept being that this 'home away from home' will enhance quality of life, productivity and effectiveness" she said.

The Chief Minister said she would look into the possibility of a suitable location where a 'Little Japan' township in Chennai could be created.

Thanking Japan for Rs 643 crore (Rs 6.43 billion) aid through its Japan Bank for International Co-operation for the state's afforestation project Jayalalithaa said that the Bank had committed an additional Rs 567.42 crore (Rs 5.67 billion) for the project.

An Indo-Japanese joint study group was considering the feasibility of an economic partnership treaty and a new science and technology initiative between the two Asian countries had been taken up, the chief minister informed.

The Tamil Nadu government had also deputed an industrial delegation from the state to Japan, she said. "I am sure this is only the beginning and we will see several other relations following the Fukuoka's lead," she said.

© Copyright 2017 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.