Today, Invitalia and Mizuho Bank Ltd., have signed a Memorandum of Understanding with the aim of strengthening their joint activities for inward investment in Italy. The signing ceremony was attended by Mr Nobuhide Hayashi, President and CEO of the Mizuho Group, and Giuseppe Arcucci, Director of Inward Investment of Invitalia.
Mizuho Bank Ltd.., with total assets amounting to 148,409 billion yen, it is one of the three largest Japanese banks, belonging to the Mizuho Financial Group. The group has total assets of 175,822 billion yen, with net sales of 688 billion yen (financial year 2013).
This Memorandum of Understanding will open the door to a growing number of Japanese companies that will benefit from the services provided by the Agency, including activities that will be organised in collaboration with Mizuho Bank Ltd. In particular, seminars and meetings between companies from the two countries will be supported, and preparatory research for investment projects will be launched for the banks customers.
Alongside the agreements for the signing of the Memorandum, the Agency co-organised a seminar to present the Invitalia-Mizuho joint activities set to take place at the Japan Fair in Milan. The event is connected to the Japanese pavilion at EXPO Milan 2015, for which Mizuho is one of the main sponsors. The opportunity was also taken to organise some initial business meetings between Italian and Japanese companies.
The collaboration between Invitalia and Mizuho Bank will lead to greater attention and support to encourage investment and the development of Japanese companies in Italy, including in the food industry, where rapid growth is expected for the coming years.