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'Inflow of Japanese MSME sector is very much needed to boost Indo-Japan relationship'
Inflow of Japanese MSME sector is very much needed to boost Indo-Japan relationship. The Japanese co-operation in the MSME sector in the technology transfer, investment, partnership and fully established areas can come up, said India's minister of state for commerce and industry, Dr E.M.S. Natchiappan while addressing 4th India-Japan Business Conclave organised by the Associated Chambers of Commerce and Industry of India (Assocham) in New Delhi.
Stating that the land acquisition act is not a hurdle in industrial development, the minister assured the investors that the government is ready to help and solve the problems faced by them.  

“If you look at the Land Acquisition, Rehabilitation and Resettlement Act, the first appearance may be very troublesome but is in no way a barrier in industrial development and if you feel there is some problem in any area, we are ready to solve it and even the rural development ministry is very much there to help you and solve the problem as quickly as possible,” said Dr Natchiappan.

“We want to have a process of democracy and peaceful settlement of industry as the previous colonial land act may be giving a chance to grab the property from the individuals,” said Dr Natchiappan.

“If you want to establish an industry you don’t have to feel shy in discussing with people who’ve been possessing land for generations and centuries and these people living around the area (where the industry is to be set up) should be made party to the development of the industry as it will go a long way and save time from litigation.”

Dr Natchiappan also informed that the Commerce Ministry is coming out with an electronic method of clearance. “We at Ministry of Commerce and Industry are now working on a model where clearances will be given online through computers and you can go through the process of getting the clearances of the Government of India numbering about 20.”

Talking about the various efforts of the Commerce Ministry’s stress upon creating National Investment and Manufacturing Zones (NIMZ), Dr Natchiappan said, “We are now creating a Kanchi-Nippon chamber of commerce in Kanchipuram and the Japanese companies have purchased 3,000 acres already in this regard, besides in Kanchipuram we want a Japanese exclusive cluster zone that will be graduated into NIMZ and further post-graduated into an industrial corridor.”

He further informed that German companies have been granted 4,000 acres near B’lore which will be established purely for German companies in tools and machineries.

“In the Hossur area we are working together with the state government and they are contributing more than 3,000 acres and German companies are ready to invest their money there and we want to create a NIMZ.”

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