India’s envoy to Japan advocates Sri City’s investment potential
suggests Sri City’s marketing team to visit Japan and highlight its offerings, particularly focusing on the Japanese Industrial Township
image for illustrative purpose
Sri City, an integrated business city said Sibi George, India’s Ambassador to Japan, visited the special economic zone and pledged to actively advocate for Sri City’s capabilities to Japanese investors. The ambassador recommended that the marketing teams from Sri City make regular visits to Japan to highlight its distinct offerings, particularly focusing on the Japanese Industrial Township (JIT).
R Shivashankar, Senior vice president (Marketing), Sri City, provided a detailed overview of the features and rapid progress of the business city to the Ambassador. He highlighted Sri City’s infrastructure, favourable business environment, and remarkable growth, which continue to attract global investors from various industries. “Presently, Sri City accommodates 220 companies representing 30 nations, with Japanese enterprises comprising a substantial portion, making it the second-largest Japanese Industrial Township (JIT) in India. Moreover, the thriving Japanese expatriate community, currently totalling around 220 individuals, underscores our commitment to fostering cultural integration and bolstering infrastructure to attract and nurture Japanese investment,” Shivashankar added.
Sri City in an official release said that the Ambassador emphasised the positive impact of JIT’s development, leading to the growth of amenities tailored to Japanese expats. Noting that several of the existing industrial units have gone for plant expansion, he appreciated the ecosystem established for different manufacturing sectors. He affirmed his commitment to a mission-driven strategy focused on enhancing Japan’s footprint in the Indian business arena and enticing greater investments from Japan, it added.
Reflecting on the visit, Dr Ravindra Sannareddy, Founder Managing Director, Sri City, expressed gratitude for the Ambassador’s visit, anticipating that his insights and recommendations would help attract more investments. He looked forward to leveraging the Ambassador’s support to further boost investment from Japan.
During his visit, the Ambassador toured the industrial areas, including the production facilities of prominent Japanese companies such as Panasonic and Daikin. He also had discussions over lunch with the CEOs of all Japanese companies based in Sri City.
