Chief Minister B S Yeddyurappa has given the approval in principle to the proposal put forth by the representatives of the Japanese External Trade Organisation (JETRO). JETRO representatives held a meeting with the chief minister in this regard on Wednesday.
However, it is not clear which Japanese companies were interested in taking up the train project, its estimated cost, the State Government’s role in it and other details.
Official sources said the plan was still in its preliminary stage. JETRO, sources said, has already conducted a survey and found the Chennai-Mysore route very viable for investment.
The Union government is seriously considering developing the Chennai-Mumbai industrial corridor on the lines of the Mumbai-Delhi industrial corridor.
Moreover, Japanese car manufacturing companies Hyundai and Toyota already have their units in Chennai and Bidadi near Bangalore. Toyota has plans to set up another unit in Mysore. This will throw up lucrative business propositions as far as freight service is concerned, sources said.
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