A memorandum of understanding (MoU) of this effect was signed between the Mumbai wing of the agency and Maharashtra Industrial Development Corporation (MIDC) in Mumbai.
The agreement aims at promoting Maharashtra as a major investment destination for Japanese firms, a release said.
"Japanese companies are noticing huge business opportunities in Pune. The flourishing automobile industry in this region provides a major investment opportunity for Japanese auto component manufacturers in the proposed industrial zone," Japan External Trade Organization (JETRO) Mumbai director general Takehiko Furukawa said in the release.
Pune, which is home to companies such as Tata Motors, Bajaj Auto, Mahindra Two-Wheelers, Mercedes-Benz, General Motors, Volkswagen and Fiat, offers a vast potential for auto components sourcing, the release said.
JETRO expects automobile sales to remain strong going ahead and it believes that Japanese auto component companies can play a huge role by improving supplies in the domestic automobile market.


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