TIRUPATI: A 50-member government-industry delegation from Japan visited Sri City in Satyavedu mandal of the district Friday.
The delegation, headed by economic development minister Akio Isomata, included top government officials and senior executives of prominent organisations and companies such as Fuji Electric Corporation, Hitachi, Hitachi Zosen Corporation, ITOCHU Corporation, Japan Research Institute, Japan External Trade Organization (JETRO), JGC Corporation, JICA, Kajima Corporation, Marubeni, Mitsubishi Electric Corporation, Mitsubishi Heavy Industries, Nikken Sekkei, Shimizu Corporation, Sumitomo Corporation, The Bank of Tokyo, Toshiba and Toyota.
The intent of their visit was to witness the existing infrastructure at Sri City, assess the business potential and explore the possibility of setting up industries there. Welcoming the delegation, Sri City managing director Ravindra Sannareddy said that the delegation’s visit was a follow-up to the recent visit of Andhra Pradesh chief minister N Chandrababu Naidu to Japan.
“We are delighted to host this large delegation of Japanese companies. This will encourage more Japanese companies to come to Sri City. I believe that Andhra Pradesh and Japan have synergies that can translate into mutually rewarding business associations,” he added and gave a brief presentation on the infrastructure, unique features and the status of Sri City.
Executive director of Southwest Asia Office, Trade Policy Bureau Ken Sasaji expressed satisfaction on the available infrastructure and the location advantage of Sri City. Following the interactive briefing session, the delegation visited some of the units and witnessed the blooming business environment at Sri City.
Satyavedu revenue divisional officer Veera Bramham was present.