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Hooda Invites Japan To Invest In Haryana

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Haryana Chief Minister Bhupinder Singh Hooda, who met Japan's Prime Minister Yoshihiko Noda at the India-Japan Global Partnership Summit in Tokyo Tuesday, stressed on combining the technological prowess of the Japanese with the enterprise and technical skills of Indians.

He sought creation of new capacities in the manufacturing and infrastructure sectors, freer flow of high-end technologies and asked Japan to step up investment in Haryana.

Hooda stressed the need for closer economic and social ties between India and Japan, an official statement said.

Addressing a special session on Haryana in the evening, Hooda invited Japan to invest in Haryana, highlighted the achievements made by the state, and unfolded his vision of making Haryana Number 1 State in all respects.

A high-powered delegation, led by Hooda, is taking part in the India-Japan Global Partnership Summit being held at Tokyo in Japan from September 5 to 7, which has been organised by the India Centre Foundation of Japan.

The summit has attracted some of the top names of the corporate, policy-making, political, media and spiritual worlds, including Mukesh Ambani of Reliance Group; Rakesh Bharti Mittal of Bharti Enterprises; Sam Pitroda, Advisor to the Prime Minister; Prahalad Kakkar, Founder of Genesis Film Production; Amitabh Kant, CEO and MD of DMICDC; Sadhguru Jaggi Vasudev, Founder, Isha Foundation etc.

The Haryana session in the evening generated enthusiastic response. It started with a speech by the Chief Minister who likened Japan's growth story with Haryana.

Hooda stressed the importance Haryana attached to its relations with Japan and highlighted the strides made by Haryana during the last few years. This, he said, had been endorsed by independent studies and findings. He invited the Japanese to visit Haryana to catch a glimpse of its development and invest in the state.

Capt Ajay Singh Yadav, Power Minister of Haryana, highlighted the initiatives taken by the State in generation, transmission and distribution of power, one of the most crucial segments of infrastructure.

Industries Minister Randeep Singh Surjewala explained what made Haryana a preferred destination for investors.

The state offers tremendous investment opportunities in view of infrastructure facilities backed by sound policy and peaceful law and order situation.

The session was moderated by Rajeev Arora, Managing Director of HSIIDC, who made a comprehensive presentation on 'Destination Haryana.' It witnessed signing of MOUs by Indian and Japanese companies, including three MOUs by Navin Raheja of Raheja Developers with Zenrin Co.- Abacus Venture; Okamura Homes Co.; Abacus Venture-Quantum Leaps Co. The other MOU was signed by the Pranav Gupta of Parabolic Group with a leading Pharmaceutical company of Japan.

Earlier during the day, Capt Yadav, Surjewala, and Rao Narender Singh, Health and Medical Education Minister, addressed separate sector-specific sessions and issues and also answered queries of the gathering.

The official-cum-business delegation, led by Hooda, reached Tokyo yesterday. The delegation is on a visit to Tokyo for participating in the India-Japan Global Partnership Summit 2011 being held from September 5-7.

Speaking at the opening session of the summit, Hooda highlighted the importance of building relationship between the two sides. He stressed the need for combining the technological prowess of the Japanese with the enterprise and technical skills of Indians.

The Chief Minister said that a comprehensive economic partnership agreement between the two would create new opportunities for India's pharmaceutical industry in the Japanese market, and help meet Japan's growing demand for high quality and relatively inexpensive generic medicines.

India welcomes greater Japanese participation in Indian industry through foreign direct investment. He sought creation of new capacity in India's manufacturing and infrastructure sectors and freer flow of high-end technologies.

The Chief Minister also met Osamu Suzuki of Suzuki Motor Company of Japan. The two discussed issues relating to the investment proposals of Suzuki in Haryana. Suzuki also apprised the Chief Minister about the progress of the on-going projects in Haryana. The meeting lasted for about an hour.

The Chief Minister later inaugurated the Haryana expo at the summit site, where the achievements and investment opportunities in Haryana have been displayed.