Sri City, December 21, 2024: A distinguished 15-member delegation from Toyama, Japan, led by Mr. Hidenori Mugino, Chairman of the Toyama Association of Corporate Executives and Senior Advisor at The Hokuriku Bank, Ltd., visited Sri City on Saturday. The delegation aimed to evaluate business opportunities and explore potential investments in the region.
Welcoming the delegation, Mr. R. Shivasankar, Senior Vice President (Marketing), Sri City, delivered a comprehensive presentation highlighting Sri City’s unique advantages as a premier industrial hub. He emphasised its strategic location, sectoral diversity, social infrastructure, and explained the specific benefits of setting up manufacturing units within the integrated business city. He highlighted that Sri City has emerged as the second-largest destination for Japanese investments in India, hosting over 30 Japanese companies from various industries.
Mr. Hidenori Mugino commended Sri City for its world-class infrastructure and business-friendly environment. He expressed his admiration for the scale and efficiency of the industrial park and conveyed optimism about the growth of Japanese businesses in the region in the near future.
Dr. Ravindra Sannareddy, Founder Managing Director of Sri City, in a message expressed appreciation for the delegation’s visit, highlighting the shared synergies between Toyama and Andhra Pradesh. He remarked that Toyama and Andhra Pradesh share striking similarities in leveraging their coastal geographies, agricultural strengths, and industrial growth while prioritising sustainability through renewable energy initiatives. He noted that such engagements bolster bilateral trade and economic ties.
During the briefing, the delegation expressed keen interest in the Japanese enclave at Sri City and held discussions on different facets of the industrial zone. They explored the industrial areas, observing the state-of-the-art infrastructure and the dynamic activities underway.
The delegation visited Sri City with the intent of exploring business potential and investment opportunities. It included eleven senior executives from various sectors, four officials from the Toyama Prefecture Government, and a representative from the Japan External Trade Organisation (JETRO). Toyama, situated on Japan’s west coast, is a leading industrial region.