Leading Japanese brand TOTO investsINR 380 crore in Halol, Gujarat
Japanese delegation led by JETRO meets the Chief Minister
Welcoming the Japanese delegation, the Hon’ble Chief Minister of Gujarat said, “Gujarat and Japanshare strong cultural and business relationships. We consider you as a part of our family and are always eager to help you do business in our State. We are committed to providing not only basic infrastructure like roads, ports and airports but also provide next-generation technologies like an optical fibre network, gas grids and technologies for satellite transmission. We have already put significant efforts in basic infrastructure and now we believe is the time to think beyond the basics and put together next-generation infrastructure. I envisage huge investments from Japanin Gujaratand hence I would like to promote Japanese food and language here. I believe it’s a win-win situation for both Gujarat and Japanwhen it comes to sharing culture and doing business.”
Mr Nakamura, Executive Vice President of JETRO invited the Hon’ble Chief Minister of Gujarat Shri Narendra Modi to Japan when JETRO plans to hold a special conference on doing business in Gujarat this year. Addressing the Japanese delegation, Mr Nakamura said, “Japanese companies have been successful inIndia and in Gujaratas well. We would like to set-up a single-window shop based inGujarat for Japanese companies wanting to do business here. With this initiative, we will be able to facilitate Japanese businessmen investing here and, therefore, generate employment in the State. The State government’s support has been incredible and our members present here are showing interest in setting up manufacturing as well as services sector investment”
TOTO is the world’s largest plumbing products manufacturer. TOTO offers a complete line of commercial and decorative plumbing fixtures and fittings, faucets, accessories, shower and flush valves, as well as lavatories, toilets, Air Baths and urinals. According to estimates, the market for the range TOTO caters to is estimated to be about $500 million in Indiaand expected to grow at a healthy pace.