Odisha and Japan's Tottori Prefecture sign agreement to boost investment
The partnership aims to strengthen cooperation in entrepreneurship, skill development, tourism, and overseas employment for the youth of Odisha.
Odisha and Japan's Tottori Prefecture signed a Friendship Agreement in Bhubaneswar on Wednesday to strengthen cooperation in investment, entrepreneurship, skill development, and cultural exchanges, according to The Tribune and Business Standard.
The agreement was signed in the presence of Odisha Chief Minister Mohan Charan Majhi and Tottori Prefecture Governor Shinji Hirai. Two memoranda of understanding (MoUs) were also signed to focus on startup collaboration and human resource development.
One MoU between Startup Odisha and Tottori Prefecture aims to facilitate business matching, startup exchanges, and investor connections to help Odisha's MSMEs and startups explore Japanese markets. A second MoU involving the World Skill Center, Tottori Prefecture, and Nihon Edutec will focus on skill development and overseas employment.
The collaboration includes Japanese-language training at the World Skill Center to prepare professionals for employment in Japan. Chief Minister Majhi said the partnership would help Japanese employers access capable professionals from the state.
An 80-member Japanese delegation, including representatives from industry and financial institutions, is currently on a three-day visit to Odisha. Governor Hirai said the two regions have potential to expand collaboration in fields including technology, health care, academics, and tourism.
Majhi highlighted existing Japanese investments in the state from companies such as Nippon Steel, JFE Steel, TRL Krosaki, TYK Ceramics, Yokohama Rubber, IHI Corporation, and Toray Industries Inc.