Rajasthan's Neemrana town turning into a hub for Japanese industries

Neemrana, a town in Alwar district of Rajasthan, is rapidly developing into a hub for Japanese industries.
 

Situated on National Highway 8 between Delhi and Jaipur, and nearly 140 km from the state capital, Neemrana is witnessing the hustle-bustle of Japanese entrepreneurs, who have made this region a major centre for Japanese industries.
 

Rajasthan State Industrial Development & Investment Corporation (RIICO) has developed a Japanese zone and a country-specific zone in Neemrana.
 

So far, more than 50 Japanese companies, including Daikin, Nissin Brake, Mytex Polymer and Nippon Pipe, among others, have invested over Rs 6,000 crore in the zone.
 

RIICO, a state government enterprise, has pioneered the industrialisation of Rajasthan by setting up industrial areas.
 

RIICO also acts as a financial institution, providing loans to large, medium, and small-scale projects.

Recently the state inked 11 memorandums of understanding (MoUs) with Japanese companies.
 

With this, an investment of Rs 1,338 crore is likely to be made in Neemrana, Ghiloth, and Chaparia Ki Dhani (Pali) and around 2,300 persons may get employment.
 

Tokai Rika Minda India Pvt Ltd (Rs 335 crore), Nidec India Pvt Ltd (Rs 300 crore), Hitachi Astemo Rajasthan Brake System Pvt Ltd (Rs 140 crore), Fuji Silvertech India Pvt Ltd (Rs 110 crore), CKD India Pvt Ltd (Rs 100 crore), Taiyo India Pvt Ltd (Rs 100 crore), Allied JB Friction Pvt Ltd (Rs 78 crore), H2 Milk Farm Pvt Ltd (Rs 65 crore), HNV Casting Pvt Ltd (Rs 40 crore), MIESP India Pvt Ltd (Rs 40 crore) and Beltechno India Pvt Ltd (Rs 30 crore) are some of the companies that have signed MoUs for investment in the state.
 

Chief minister Ashok Gehlot, while thanking the Japanese companies, said, “Japanese firms have prominently invested in Rajasthan and such investment has been an inspiration for entrepreneurs in the state. Now, Japanese companies must write a new chapter by investing in the petrochemical complex coming up in Barmer district.”
 

He said the MoUs signed with these companies will further strengthen the relationship between Japan and Rajasthan. Gehlot added that the state government will provide necessary cooperation to these companies.