Lucknow (Uttar Pradesh) [India], February 11 (ANI): The famend Japanese resort chain Hotel Management International Company Limited (HMI) is planning to develop 30 new accommodations throughout Uttar Pradesh, knowledgeable a authorities press launch on Saturday.
On the second day of the continued 3-day Global Investors Summit in Lucknow, the Japanese firm signed a Memorandum of Understanding of Rs 7200 crore with the Government of Uttar Pradesh on this regard, the discharge said.
The Director, Public Relations, HMI Group, Takamoto Yokoyama stated which operates greater than 60 accommodations in main cities of Japan, stated, “Uttar Pradesh Chief Minister Yogi Adityanath’s efforts to realise and develop the state’s tourism potential have created immense possibilities for the hotel industry. Varanasi has seen a significant increase in tourism after the development of the Shri Kashi Vishwanath Dham Corridor. For us, this is a great chance.”He added, “UP’s industrial policies are encouraging. In such a situation, HMI Group will expand its hotel chain in 30 major cities, including Agra, Varanasi, and Ayodhya. Over 10,000 people will receive direct job opportunities as a result of this.”Earlier, in a major session on ‘Implementation of Special Strategic and Global Partnership between Japan and India in Uttar Pradesh’, held within the Dadhichi Auditorium, Advisor (Japan) within the Ministry of External Affairs, Government of India, Professor Ashok Chawla, supplied a comparative evaluation of the political, strategic, financial, and cultural relations between India and Japan in several intervals from 2000 to 2014 and from 2014 to 2022.
Professor Chawla stated that in 2015, then-Japanese Prime Minister Shinzo Abe visited India, and in 2016 Prime Minister Modi went to Japan.
“Shinzo Abe came to Ahmedabad in 2017 and an action plan was made regarding high-speed rail. Later, in 2018, Prime Minister Modi went to Japan again. Deep trust has been forged between the two nations as a result of frequent visits of these top leaders, and this trust has positively impacted bilateral economic relations,” he stated.
The Professor added, “There has been an unprecedented increase in investment in sectors like health, energy, logistics, hotel, artificial intelligence, textiles, steel, real estate, leather, etc. Japan Industrial Township is under development in Greater Noida.”In addition to extending his heat welcome to the Japanese delegation that had travelled to the state to attend the UP GIS, he assured that the Japanese business will get a pleasant setting in Uttar Pradesh.
He additionally pledged that the Ministry of External Affairs would offer all help doable to the Uttar Pradesh authorities in sustaining contact with the Japanese authorities or the Japanese enterprise group.
The Chairperson of Yamanashi Hydrogen Company, Yamanashi Shimizu, cited the traditional democratic values of India and Japan, underlining the robust cultural ties between the 2 nations. At the identical time, he additionally expressed his firm’s dedication to selling the financial partnership between the 2 nations, the discharge said.
“It is the speciality of Japanese companies that they do not enter into business agreements without thorough study, and once they have taken a step for investment, they definitely complete it as per the deadline. His company works in the field of hydrogen energy and is preparing for a big project here in UP. On the other hand, the under-construction Jewar Airport was described as very useful from the point of view of global trade,” he stated.
Japanese buyers investing in Uttar Pradesh additionally shared their experiences at this particular session of associate nation Japan.
Among them have been Tomoki Ito, CEO (consultant director) of One World Corporation, working within the Waste Management Sector, Ajay Kumar, CEO of OMC Power, an organization within the renewable power sector, Narendra Upadhyay, President of NPI Company Limited, Tokyo, Deepshikha Mahajan, Director of Veena Enterprises, an organization within the photo voltaic power sector.
As per the discharge, the buyers additionally gave details about their firm’s investments in Uttar Pradesh, operational crops, its purchasers, turnover methodology and future technique.
They knowledgeable that the exports from Uttar Pradesh to Japan have elevated at a CAGR of two.7 per cent within the final 5 years. Uttar Pradesh exported items value USD 122 million to Japan in 2021. The exports of UP to Japan are stated to have climbed by roughly 86 per cent within the yr 2021 following the covid impact within the yr 2020, indicating robust potential for future enlargement, the discharge said.
About 82 per cent of UP’s exports to Japan throughout the previous three years got here from 12 chosen sectors. Among these, equipment and gear, electronics and electrical natural chemical substances, auto elements, attire, leather-based items and footwear, carpets, iron and metal articles, and many others. are distinguished, the discharge added. (ANI)