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Gujarat
Chief Minister Narenrda Modi inaugurated a new plant of Hitachi Home
and Life Solutions, the Indian unit of Japan’s Hitachi Appliance Inc in
Kadi some 40 km from Ahmedabad. This plant worth 50 crore will
manufacture air-conditioners and chillers. More investment is in
pipeline to expand operations at the unit.
On
this occassion, the Chief Minister said: “Japanese investors, who take
a decision after detailed planning and conducting thorough studies, are
finding Gujarat a place to set up industries, is a recognition of the
state and its people.”
“It’s my dream to make Gujarat a great financial power. A
day will come when Gujarat, along with Japan and Singapore, will
dominate the Asian economy,” Narendra Modi said after inaugurating the
new plant of Hitachi Home and Life Solutions India, a subsidiary of
Japan’s Hitachi Appliances.
He
said the industrial corridor; being developed in cooperation with the
Japanese government is a golden opportunity for development.
The
1,483-km dedicated freight corridor will pass through Gujarat, Madhya
Pradesh, Haryana, Uttar Pradesh, Maharashtra and the National Capital
Region (NCR) with end terminals at Dadri in the NCR and Jawaharlal
Nehru Port near Mumbai. The project aims to double employment, triple
industrial output and quadruple exports from the region in five years.
India and Japan have signed a deal to build the DMIC at a proposed investment of $90 billion.
He
said once the project is complete, a clutch of industrial projects will
come up along the corridor, with Gujarat gaining the most. The chief
minister also said Gujarat was progressing in all sectors, particularly
in the manufacturing and agriculture sectors. “When the green
revolution happened, Gujarat was not in the picture. But now, the
agricultural sector in the state is booming. Gujarat has achieved over
10 percent agricultural growth, while the national average is less than
two percent,” he added. “The state would take a quantum leap in
socio-economic development by 2010 when we will celebrate 50 years of
the formation of Gujarat”.
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