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January 11, 2016

Japanese investment in Singur soon

Japanese investment in Singur soon

Whiff of Japanese investment in cold chain logistics — a crucial sector where Bengal has long yearned for investments — has livened up the air before the inauguration of the Bengal Global Business Summit and the first beneficiary is likely to be Singur. Announcement regarding the same was made at Bengal Global Business Summit, 2016.

Kawasaki-Rikuso Transportation Company ( KRT), a Japanese logistics giant is to set up a cold warehousing facility in Singur. It is one of the potato hubs of the state and the farmers suffer whenever there is bumper crop due to lack of modern and adequate storage facilities.

It will be the first Japanese investment in Bengal 19 years after Mitsubishi Chemicals, a Fortune 500 giant, selected Haldia in 1997 to locate its factory in India.

The KRT all set to set up such units across the state if the pilot runs to its satisfaction.

Such chains consist of cold warehousing facilities of perishable food items and even packaging and labeling services. It also has refrigerated trucks carrying the perishable commodities from one spot to another.

The 92-year-old company may bring excellent skills and proverbial Japanese adherence to quality to the state.

The selection of Singur for the pilot also makes sense as MK Jalan is trying to set up a food park at nearby Dunkuni. Another food processing park is also close by at Sankrail in Howrah district where Frito Lays (a division of Pepsico) is running its factory for the past several years.

Cold chains are important in the development of food processing industry that holds immense potential in Bengal. Thanks to the fertile lower Gangetic plains, the state grows a lot of fruits and vegetables. From guavas of South 24 Parganas to pineapples of Siliguri, the state offers a variety of fruit to be processed.