Prime Minister Modi Engages with Japanese Business Leaders to Enhance Economic Ties
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Synopsis
On March 28, Prime Minister Narendra Modi met with a Japanese delegation from Keizai Doyukai to discuss enhancing economic cooperation between India and Japan. The meeting focused on expanding trade, investment opportunities, and collaboration in key sectors, reinforcing the strong bilateral relationship.
Key Takeaways
- Strengthening bilateral trade and investment.
- Collaboration in agriculture, technology, and clean energy.
- Japan Plus initiative to facilitate Japanese investments.
- Focus on AI and infrastructure development.
- Commitment to a transparent business environment.
New Delhi, March 28 (NationPress) Prime Minister Narendra Modi welcomed a delegation from Keizai Doyukai (Japan Association of Corporate Executives) headed by Takeshi Niinami, Chairperson of Keizai Doyukai, along with 20 other business representatives to discuss their insights and recommendations for enhancing economic cooperation between India and Japan at 7 Lok Kalyan Marg in the capital.
In a post on social media platform X, PM Modi stated: "Had a fruitful meeting with the delegation from Keizai Doyukai (Japan Association of Corporate Executives). We discussed the strong India-Japan relationship and strategies to strengthen economic ties."
The conversation included topics such as boosting bilateral trade, increasing investment opportunities, and fostering cooperation in crucial sectors like agriculture, marine products, space, defense, insurance, technology, infrastructure, civil aviation, clean energy, nuclear energy, and partnerships with MSMEs.
Prime Minister Modi underscored the special strategic and global partnership between India and Japan, reaffirming India's commitment to creating a business-friendly environment.
He pointed out the Japan Plus initiative established in India to facilitate and expedite Japanese investments.
Furthermore, he stressed that investors should feel assured and confident.
India's governance is rooted in policies, and the government is dedicated to ensuring a transparent and predictable environment, the Prime Minister stated.
PM Modi also highlighted the tremendous growth of the aviation sector in India.
He mentioned that India is actively working on developing substantial infrastructure, including the construction of new airports and enhancing logistics capabilities.
According to the Prime Minister, given India’s vast diversity, the nation is poised to play a critical role in the AI landscape.
He highlighted the significance of collaborating with AI stakeholders, encouraging partnerships with India.
Additionally, the Prime Minister noted that India is making considerable advancements in green energy, having initiated a mission centered on biofuels.
He indicated that the agricultural sector stands to gain significantly from biofuels as a value addition.
The Prime Minister discussed the opening of the insurance sector and the expanding opportunities in cutting-edge fields such as space and nuclear energy.
The Keizai Doyukai delegation, consisting of high-ranking business leaders from Japan, shared their future plans for India.
They also expressed interest in leveraging synergies between India and Japan in human resource and skill development.
Both parties expressed enthusiasm about potential future collaborations and anticipated deepening business and investment relations in the coming years.
Niinami Takeshi, Representative Director, President, and CEO of Suntory Holdings Ltd, acknowledged the flourishing relations between India and Japan under PM Modi.
He noted the significant investment opportunities for Japan in India.
He emphasized PM Modi's vision of 'Make in India, Make for the World'.
Tanakaa Shigehiro, Corporate Senior Executive Vice-President and Chief Government Affairs Officer at NEC Corporation, stated that PM Modi clearly articulated his vision and expectations for Japanese industries investing in India.
The meeting highlighted the support and commitment of Japanese businesses to the vision of 'Viksit Bharat 2047' in a meaningful and mutually beneficial way.
