MK Stalin, the Chief Minister of Tamil Nadu, visited the long-standing Komatsu business factory in Osaka on Saturday while on an official visit to Japan to encourage the organisation to make higher investments in the state. He also boarded a 500-kilometre bullet fast train on Sunday and traveled to Tokyo, which prompted him to claim that Indian citizens might likewise benefit from such a service.
Stalin extended an invitation to Komatsu to take part in the Global Investors Meet (GIM), which will take place in January of the following year, during his visit to the company’s production site.
The Need for Expansion and Investments
To attract more investments to Tamil Nadu and to welcome business leaders for a global financial backers’ meeting in Chennai that will be held in January 2024, Stalin is currently in Japan as part of a two-country tour that also includes Singapore.
The chief minister took a tour of the facility to learn more about how equipment like hydraulic excavation machines and dumper tractors are produced. He was introduced to the operations of the factory before having an informative conversation with Takayuki Furukoshi and Go Kamada, two of the company’s top executives.
Komatsu India Private Limited has been producing garbage trucks, mining machinery, and hydraulic excavation machines at its Chennai factory, which is roughly 50 km away at the SIPCOT complex in Oragadam. This factory serves both the domestic and international markets. He pushed the corporation to expand its facilities in Oragadam, and the company officials responded that the development will be the subject of proper and appropriate research, which will be carried out at the earliest.
According to a release from the state government, Stalin also signed an agreement in Osaka with Daicel Safety Systems for the expansion of Daicel’s automobile airbag inflator facility in Chengalpattu, Tamil Nadu.
Details of the Visit to Osaka
During the CM’s meeting and interactions, others in attendance included Guidance Tamil Nadu’s Managing Director Vishnu, Additional Chief Secretary S Krishnan, and Tamil Nadu Industries Minister T R B Rajaa. Stalin stated that his visit to Japan was not unexpected or novel when addressing an audience at the investment conference for Tamil Nadu in Osaka. In 2008, he came to the nation to raise money for the Hogenakkal drinking water project and the Chennai Metro Rail Project.
According to an official statement, the Chief Minister had lunch with the CEOs of various businesses and industries, urging them to invest in the state while underlining the enormous potential regions the state offers for conducting business. Nobuhiko Yamaguchi, the vice governor of Osaka Province, led Stalin on a tour of the 61,000 square meters of Osaka Castle during the meeting and described its significance.
After his ride on the bullet train, the Chief Minister added that India needs a similar train service that is compatible in terms of speed, quality, and design; to provide benefits of mobility to the underprivileged.
Stalin advised Japanese businesses focusing on the manufacturing sector to broaden their holdings in Tamil Nadu by investing in Research and Development and constructing industrial infrastructure. Recent years have dramatically changed the economic ties between Japan and India. According to the Chief Minister, Tamil Nadu is the most favored state for Japanese investments within India.
Stalin reaffirmed that his government aims to achieve a $1 trillion economy by 2030. He stated that he traveled to Singapore and Japan to increase investments in the first phase.