Maharashtra government is expected to sign Memorandum of Cooperation (MoC) with the Japanese government for big ticket projects in the state during Chief Minister Devendra Fadnavis' five-day visit to the country this week. Under the proposed MoC, Japan External Trade Organization (JETRO) is likely to support investment activities in or around the 1,000 acres reserved for an industrial park at Supa-Parner Industrial Estate near Pune. The Maharashtra government would improve business environment of this park to meet global standards by utilizing incentives.
Besides, a 'Project Facilitation Committee (PFC)' comprising of JETRO officials, Japanese companies and Maharashtra government is also likely to be launched to strengthen cooperation between the two governments and also resolve the difficulties that Japanese companies may be facing in their projects as soon as possible under the leadership of Maharashtra Industrial Development Corporation (MIDC). Meanwhile, as part of its infrastructure development, the state may ask the Japanese government to develop infrastructure with a view to utilize Japan's public funds.
Additionally, in a mutually beneficial manner, both the governments are likely to seek cooperation in future metro projects such as Mumbai metro Phase 2, Nagpur metro, Pune metro and in the important infrastructure projects such as Mumbai Trans-Harbor Link (MTHL). In order to improve the business environment and accelerate infrastructure development, the state is making all possible efforts.