YEIDA and JETRO discuss strategic expansion; proposal for exclusive Japanese MSME park suggested

New Delhi (The Uttam Hindu): A high-level meeting was convened under the chairmanship of Shri R.K. Singh, CEO of Yamuna Expressway Industrial Development Authority (YEIDA), and Mr. Suzuki Takashi, Chief Director General of the Japan External Trade Organization (JETRO) India, to foster constructive engagement and invite Japanese investment into the upcoming Japanese Industrial Park in Yeida Region.

The meeting focused on leveraging the strategic location of the Yamuna Expressway region to attract Japanese manufacturing giants and small-to-medium enterprises (SMEs).

Key Highlights of the Strategic Engagement:

* World-Class Connectivity: CEO Shri R.K. Singh briefed JETRO officials on the multi-modal connectivity of the YEIDA region, highlighted by the Noida International Airport—set to be Asia’s largest—and its proximity to the Dedicated Freight Corridor (DMIC).

* Infrastructure & Incentives: The CEO emphasized the availability of excellent infrastructure, subsidized land rates, and the Uttar Pradesh government’s commitment to providing a Single Window Clearance system to ensure a seamless investment process for Japanese firms.

* Sector-Specific Opportunities: Beyond the Japanese Industrial Park, the briefing covered opportunities within the upcoming Medical Devices Park, Film City, Textile and Apparel Parks, and Electronics Park.

* Japanese MSME Park Proposal: Recognizing that approximately 1,400 Japanese MSMEs are currently registered with JETRO and exploring Indian manufacturing bases, the CEO proposed the development of an exclusive Japanese MSME Park within YEIDA.

Mr. Suzuki Takashi and the JETRO delegation expressed strong interest, noting that the site is "most suited" for expansion due to its superior connectivity. They highlighted that many Japanese companies already operating in India are actively seeking locations for their next phase of growth.

The meeting concluded on a positive note with a formal invitation for JETRO officials to visit the YEIDA industrial sites and the Noida International Airport. Both parties have proposed a Memorandum of Understanding (MoU) to formalize this engagement and solidify the long-term partnership between the UP Government and Japanese investors.

The meeting was attended by senior officials including Mr. Shailendra Kumar Bhatia IAS (Additional CEO, YEIDA) and Mr. Praveen Kumar Mittal (Executive Director, Export Promotion Council) along with Officials of EY.