CHENNAI, INDIA – Minister of Economy, Trade and Industry Yukio Edano on Tuesday visited an auto plant operated by Nissan Motor Co. and its French partner Renault S.A., near Chennai, southern India, as part of Japanese efforts to strengthen ties in the rapidly growing Indian economy.
Chennai, known as the Detroit of South Asia, is a major production base for India’s automobile makers as well as information technology industries.
Many Japanese companies have manufacturing and other facilities in the area because of its strategic location as an export hub to markets in Europe and Southeast Asia.
Mizuho Corporate Bank and engineering firm JGC Corp. have teamed up with Singapore developer Ascendas to develop a world-class integrated township in Chennai.
Located 50 km south of Chennai, the 600-hectare township will integrate industrial, business, commercial and residential elements with lifestyle amenities.
The Japanese and Singapore partners signed a memorandum of understanding with the government of Tamil Nadu on Tuesday in a ceremony in Chennai attended by Edano and Selvi J. Jayalalithaa, the chief minister of Tamil Nadu.
Edano’s visit to India is the latest by senior politicians as Japan eyes closer political and economic ties with the subcontinent.