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

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

Neemrana, Japanese, Japan
A signboard points to the Japanese zone at Neemrana, Photo: Dalip Kumar
Anil Sharma Jaipur
2 min read Last Updated : Jul 11 2022 | 11:12 PM IST
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.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :rajasthanJapanAshok GehlotCompaniesDelhiJaipurNipponPolymerentrepreneursInvestments

Next Story