Jaipur: In a bid to woo Japanese investment, the Rajasthan State Industrial Development and Investment Corp Ltd (RIICO) has signed a memorandum of understanding (MOU) with the Japan External Trade Organisation (JETRO).
The MoU would facilitate Japanese investors to set up industrial establishments in the state.
"We signed an MoU with JETRO Friday. RIICO and JETRO shall work jointly to evolve a one-stop system to provide information for smooth implementation of Japanese investment and explore possibilities for development of industrial areas and estates," Narpat Singh Rajvi, the industries minister said.
"RIICO will assist Japanese investors to get necessary clearance from government departments and work jointly with JETRO to organise campaigns in Japan and India to attract industrial investment from Japanese investors," Rajvi added.
JETRO is a government organisation that works to promote mutual trade and investment between Japan and the rest of the world.
Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment (FDI) into Japan and helping small to medium size Japanese firms maximise their global export potential.
Rajasthan now attracts around 1 percent of total FDI approvals made in India.
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