India is an attractive Manufacturing & Export base say Japanese investors Back to News & Events List


Japanese business leaders and investors recently said India is an attractive manufacturing & export base that has a huge potential for business but sought more "free and open" investment climate and relaxation of land acquisition policies.

Chairman of Keidanren (Japan Business Federation), Japan's most influential business lobby, Sadayuki Sakakibara said, "There is a high potential ahead for the bilateral collaboration to reach its full potential. There is a need for further improvemennt. There is a need for free and open investment climate," he said.

He also noted the progress made on Goods and Services Tax (GST) in India.

He appreciated Mr. Modi's campaign like 'Make in India' and 'Digital India'. He said the ninth meeting of India-Japan Business Forum, had made a number of recommendation and these should be implemented.

Akio Mimura, Chairman of Japan Chamber of Commerce and Industries, said he looks forward to building economic ties. He appreciated India's reform measures and referred to Delhi Mumbai Industrial Corridor (DMIC), saying it is the symbol of India-Japan cooperation. He said there is need to invest further in such mega projects. The bilateral trade between the two countries stood at USD 14.51 billion in 2015-16. India received USD 20.96 billion FDI from Japan during April 2000 and March 2016.

Original Source: dailyshippingtimes.com


Recent News


10

07/2018
India does not subsidise exports, complies with WTO norms: Suresh Prabhu

Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the WTO, ...

21

06/2018
India Says US Trade Preference Program Enhances Pace Of Economic Reforms

India today told the Trump administration that the Generalized System of Preference program (GSP) would enhance India's development and the pace of economic reforms, urging...

12

06/2018
Oilmeal export in May 2018 provisionally estimated to be 97,036 tonne

The export of oilmeal in May 2018 was provisionally reported at 97,036 tonne, compared to 1,44,524 tonne in May 2017. The overall export in April and May 2018 was reported at 3...

31

05/2018
Boosting ASEAN ties: Modi to visit Indonesia, Malaysia, Singapore

As part of India's efforts to boost ties with Southeast Asia under its Act East Policy, Prime Minister Narendra Modi will visit Indonesia, Malaysia and Singapore from May 2...