Ms Jayalalithaa,inaugurating the Japan-based Toshiba Corporation's super critical steam turbine and generator manufacturing facility , said that Chennai would emerge as the world's largest auto cluster.
The Japan-based Toshiba Corporation's super critical JSW steam turbine and generator manufacturing facility was set up in Manali near Chennai at a cost of 650 crore rupees . The inaugural of the facility was held today.Ms Jayalalithaa who was the chief guest of the function was welcomed by the state ministers,senior officials and the higher authorities of Toshiba corporation.
Following the inauguration, Ms Jayalalithaa delivered a special speech in which she said that the inauguration of the facility marks yet another milestone in the economic cooperation between India and Japan.
Ms Jayalalithaa who pointed out that India and Japan have historical and civilizational ties said that in recent times Japan has become an important partner nation in terms of trade and investment.
Ms Jayalalithaa explained with statistics how Tamilnadu was identified as a potential state for Japanese investments.
Besides the Japanese External Trade Organisation, the prefectures of Japan have also evinced interest in signing economic cooperation agreements with Tamilnadu, Ms Jayalalithaa said.At present
Japan was ranked as the fifth largest investor in India,she said.Ms Jayalalithaa said that large Japanese companies were considering substantial investments in Tamilnadu.She also said that said that Chennai would emerge as the world's largest auto cluster
Ms Jayalalithaa dwelt on the favorable climate in Tamilnadu for Japanese investment.She also said that her governmnet was very keen to upscale bilateral cooperation between both nations.She also asked Japanese investors to invest in Tamilnadu as it is a land of abundant opportunity.
Masanore Nakano, the consul general, consulate-General of Japan in Chennai,the Director general of Ministry of Economic Trade and Commerce in Japan,Susumu Atsuki ,the preseident of Toshiba Corporation-Norio Sasaki , higher authorities and employees of the company took part in the function.