September 07, 2008

Mitsui and Marubeni eyeing investment in transport & power sector in India

It is reported that Japan’s Mitsui & Company and Marubeni Corporation are interested to invest in the transport and power sectors in India.

Mr N Ohasi chairman Mitsui & Company and Mr Sakamoto member of the board of Marubeni Corporation has expressed the above statement to Mr Ashwani Kumar minister of state industry in his official visit to Japan.

Mitsui is likely to invest in locomotives for the freight corridor project and would also seek a role of Indo Japan Business Conclave, which is expected raise an investment over USD 2 billion. Mitsui will also focus on the development of logistics and infrastructure at Greater Noida and Rajasthan.

Marubeni is exploring infrastructure including the power sector apart from expanding its trading operations in India and has set up a study group to identify projects.

The statement added that a Japanese business delegation comprising 200 leaders headed by Mr Shinzo Abe Prime Minister of Japan will visit India between August 25th 20007 and August 28th 2007.