Inflow of Japanese MSMEs much needed to boost trade relation: Natchiappan

New Delhi, Jan 11 (KNN) Inflow of Japanese MSME sector is very much needed to boost Indo-Japan relationship and their co-operation in technology transfer, investment, partnership can come up, said Minister of State for Commerce and Industry, E M S Natchiappan.

Natchiappan said this while speaking on the issue of Indo-Japan trade while inaugurating the 4th India-Japan Business Conclave organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) here yesterday.

Talking about the various efforts of the Commerce Ministry towards creating National Investment and Manufacturing Zones (NIMZ), Natchiappan said, “We are now creating a Kanchi-Nippon chamber of commerce in Kanchipuram and the Japanese companies have purchased 3,000 acres already in this regard, besides in Kanchipuram we want a Japanese exclusive cluster zone that will be graduated into NIMZ and further post-graduated into an industrial corridor.”

He further informed that German companies have been granted 4,000 acres near Bangalore which will be established purely for German companies in tools and machineries.

“In the Hosur area we are working together with the state government and they are contributing more than 3,000 acres and German companies are ready to invest their money there and we want to create a NIMZ.”

The Commerce Ministry, he said, is coming out with an electronic method of clearance. “We at Ministry of Commerce and Industry are now working on a model where clearances will be given online through computers and you can go through the process of getting the clearances of the Government of India numbering about 20.”

Stating that the land acquisition act is not a hurdle in industrial development, Natchiappan assured investors that the government is ready to help and solve the problems faced by them, he said.

“If you look at the Land Acquisition, Rehabilitation and Resettlement Act, the first appearance may be very troublesome but is in no way a barrier in industrial development and if you feel there is some problem in any area, we are ready to solve it and even the rural development ministry is very much there to help you and solve the problem as quickly as possible,” he said. 

“We want to have a process of democracy and peaceful settlement of industry as the previous colonial land act may be giving a chance to grab the property from the individuals.   
“If you want to establish an industry you don’t have to feel shy in discussing with people who’ve been possessing land for generations and centuries and these people living around the area (where the industry is to be set up) should be made party to the development of the industry as it will go a long way and save time from litigation.”