Sergey Morozov has discussed plans for creation of a Japanese industrial park in the Ulyanovsk region

The head of the region became the only Russian governor who was allowed to make a speech regarding development of industrial cooperation during the XIV meeting of the Russia-Japan Intergovernmental Commission on Trade and Economic Issues.


The event was opened by Taro Kono, Japan's Minister of Foreign Affairs, and Maxim Oreshkin, Minister of Economic Development of the Russian Federation.

Within a working trip to Japan, the Governor of the Ulyanovsk region Sergey Morozov met representatives of two companies working in the automotive industry and alternative power engineering. Sojitz Corporation, an automobile manufacturer, is an old partner of the region. AO "ISUZU RUS" was opened in the Ulyanovsk region thanks to joint efforts of two Japanese corporations, Isuzu Motors Limited (74% of shares) and Sojitz Corporation (26% of shares). Representatives of Sojitz Corporation expressed their readiness to support the project of a Japanese industrial park; it is planned to start construction in the region in 2019.

In addition, the head of the region held negotiations with Masaji Matsuyama, Senator of the House of Councillors of the National Diet of Japan.

“Mister Matsuyama supported our initiative to carry out the first Russian-Japanese youth business incubator within the Japanese Spring on the Volga festival. We have also discussed cooperation in the sphere of youth business; the Japanese side is ready to develop relations in this field. Mister Matsuyama took interest in our offer to create a Japanese business park in the region. Local businesspeople have agreed to support the project”, – Sergey Morozov reported.

In his presentation regarding development of industrial cooperation at the XIV meeting of the Russia-Japan Intergovernmental Commission on Trade and Economic Issues, the Governor noted that Japanese companies working in the region are going to invest up to 100 million rubles in their productions.

“Together with Nomura Research Institute we have started implementation of a unique industrial project for construction of a Japanese industrial park specifically for our Japanese partners. It is a special zone where Japanese companies will be able to place their productions on special terms; it will also promote cooperation with Russian partners, including the ones within our clusters. We are planning to create joint business in alternative power engineering, health care, production of innovative materials, ecology, and smart infrastructure development”, – Sergey Morozov added.

At the end of November, Sergey Vasin (CEO of the Ulyanovsk Region Development Corporation) said that a big production and investment site, which focuses on the Japanese business, had been created in the region. The site is managed by one of Japanese companies.

“In the nearest future, we are planning to implement a major project together with Nomura Research Institute - an industrial park for the Japanese business. We will demonstrate it during the Russian-Japanese investment club next year. Today a number of large enterprises from the Land of the Rising Sun control so-called parks of Japanese companies. Most of them are located in Asia. They are none of them in Russia yet. The Ulyanovsk region has a great potential and relevant expertise to create this park in the region. We are going to involve one of the large Japanese companies, which will manage the park and attract residents. The Ulyanovsk region is ready to provide (single-handedly or together with the Japanese company) the right infrastructure for the project”, – Sergey Vasin announced. According to him, it is planned to continue extensive discussion of the project during the Japanese Spring on the Volga festival.

In addition, Sergey Morozov held negotiations with Keidanren (Japan Federation of Economic Organizations), which helps the region to develop contacts with the Japanese business community. The parties agreed that the economic forum will take place in Ulyanovsk with participation of the largest Japanese enterprises. In addition, Japanese business delegation will come to the region in the nearest future.