THE irony could not have been starker. The $69-billion dollar giant Matsushita, famous for its National and Panasonic brands, today announced that it has taken over one of the Indian super brands Anchor Electricals, by acquiring 80 percent stake for Rs 2,000 crore. Anchor was controlled by Gujarati businessman Jadavji Shah Anchor Wale.
Even as that announcement was made in Osaka, Japan, around the same time, nearer home, corporate Gujarat was organising a press meet in Ahmedabad to welcome the considerably large amount of investment by Japanese companies in the State.
Captains of industry from Gujarat, flanked by Narendra Modi’s officialdom, told mediapersons that “due to conducive atmosphere created by the dynamic leadership of the Chief Minister” a number of the Japanese companies had evinced interest in port and power sectors.
They were briefing newsmen after a 43-member business delegation led by Modi returned after a week-long (April 15-21) trip to Japan.
Modi, along with his chief secretary and other senior officials, had taken 36 representatives of Gujarat Inc. with him to “introduce Gujarat” to Japanese businessmen. These included the who’s who of Gujarat industry like Nirma CMD Karsanbhai Patel, Adani Group Chairman
Gautam Adani, Reliance Group President Parimal Nathwani, Sanghi Industries MD Ravi Sanghi, Essar Group Resident Director Jayesh Buch and Arvind Mills MD Sanjay Lalbhai.
The trip, said D Rajagopalan, Principal Secretary, Industries, resulted in the signing of an MoU between Japan External Trade Organisation and Gujarat Industrial Development Corporation for facilitating establishment of exclusive Japanese industrial estates in Gujarat.
The Japanese have been offered more than 1,000 acres of land near ports like Hazira, Dholera, Pipavav, Mundra and so on, said Rajagopalan, adding that Gujarat was the only state in the proposed Delhi-Mumbai dedicated freight corridor to offer both entry and exit points due to its excellent ports facilities.
The Japanese are coming, confirmed Nathwani. At least two trade delegations from Japan are expected in near future, one from the Governor of Hiroshima to study possibilities of investment in the coastline and the other from land, infrastructure and transport ministry.
Members of the delegation told mediapersons that they visited several key projects with the objective of replicating them here. These included Tokyo-Osaka Bullet Train, Kidzania Children Park and the Hiroshima Peace Memorial and Museum. While a super express train is a remote possibility between Ahmedabad and Mumbai, Lalu Yadav willing, children’s parks will fulfil the fantasies of several realtors, the class, which has made more money than anyone else in recent years.
Courtesy : Expressindia.com
Even as that announcement was made in Osaka, Japan, around the same time, nearer home, corporate Gujarat was organising a press meet in Ahmedabad to welcome the considerably large amount of investment by Japanese companies in the State.
Captains of industry from Gujarat, flanked by Narendra Modi’s officialdom, told mediapersons that “due to conducive atmosphere created by the dynamic leadership of the Chief Minister” a number of the Japanese companies had evinced interest in port and power sectors.
They were briefing newsmen after a 43-member business delegation led by Modi returned after a week-long (April 15-21) trip to Japan.
Modi, along with his chief secretary and other senior officials, had taken 36 representatives of Gujarat Inc. with him to “introduce Gujarat” to Japanese businessmen. These included the who’s who of Gujarat industry like Nirma CMD Karsanbhai Patel, Adani Group Chairman
Gautam Adani, Reliance Group President Parimal Nathwani, Sanghi Industries MD Ravi Sanghi, Essar Group Resident Director Jayesh Buch and Arvind Mills MD Sanjay Lalbhai.
The trip, said D Rajagopalan, Principal Secretary, Industries, resulted in the signing of an MoU between Japan External Trade Organisation and Gujarat Industrial Development Corporation for facilitating establishment of exclusive Japanese industrial estates in Gujarat.
The Japanese have been offered more than 1,000 acres of land near ports like Hazira, Dholera, Pipavav, Mundra and so on, said Rajagopalan, adding that Gujarat was the only state in the proposed Delhi-Mumbai dedicated freight corridor to offer both entry and exit points due to its excellent ports facilities.
The Japanese are coming, confirmed Nathwani. At least two trade delegations from Japan are expected in near future, one from the Governor of Hiroshima to study possibilities of investment in the coastline and the other from land, infrastructure and transport ministry.
Members of the delegation told mediapersons that they visited several key projects with the objective of replicating them here. These included Tokyo-Osaka Bullet Train, Kidzania Children Park and the Hiroshima Peace Memorial and Museum. While a super express train is a remote possibility between Ahmedabad and Mumbai, Lalu Yadav willing, children’s parks will fulfil the fantasies of several realtors, the class, which has made more money than anyone else in recent years.
Courtesy : Expressindia.com