Ulyanovsk Region to Continue Cooperation with Japan

The IV International Festival "Japanese Spring on the Volga" started in the region on 20 May.

The business programme started with an online conference "Japanese Investments in Russia: New Trends and Opportunities", during which economic cooperation between the Ulyanovsk region and the Land of the Rising Sun was discussed. Acting Governor Aleksey Russkikh greeted participants of the event. He talked about the role of Japanese investments in the region's economy and importance of bilateral relations.

“We have good partner relationships with several Japanese prefectures and the leading business associations such as Keidanren (Japan Business Federation), JETRO and ROTOBO, as well as various companies, research and cultural centers, universities. I would like to emphasize once again that we are interested in future development of cooperation with our Japanese partners. We still see Japanese businesses, enterprises and production facilities as the most important strategic partners of the region,” said Aleksey Russkikh

Toshihiro Aiki, Envoy Extraordinary and Minister Plenipotentiary of the Embassy of Japan in Russia, also gave welcome remarks.

He said, “Japanese companies have demonstrated results of their successful work in the Ulyanovsk region, which will serve as the best reference point for those who will follow their lead. Except for Moscow, St. Petersburg and their surrounding territories, there are no other regions in Russia that hosts so many Japanese manufacturing companies.”

During the conference, Kirill Sergashov (Deputy Director of Investment Policy and Entrepreneurship Development Department of the Ministry of Economic Development of the Russian Federation) talked about federal support measures provided to Japanese companies working in Russia.

Igor Ryabikov, Executive Director of the Ulyanovsk Region Development Corporation, presented tools that foreign companies can use to localize their production facilities in Russia and described his experience in working with Japanese investors. He also pointed out that the region is among leaders on attracting investments from Japanese businesses. Among more than 160 companies working there, Japanese ones have a special place. Taking into account Japanese mindset and diligent approach to localization, specialists of the Corporation strive to prepare the best possible offers for successful interactions with foreign partners.

Yasunari Tajima, Financial Executive Director at ISUZU RUS, shared the company's success story in Ulyanovsk. According to him, the company is planning to develop production of natural-gas-based vehicles at Ulyanovsk plant, as well as a general line of commodities.