Modi keen to explore Japan's association in transforming India's mfg
Updated: Aug 30, 2014 03:40:33pm
New Delhi, Aug 30 (KNN) We will explore how Japan can associate itself productively with my vision of inclusive development in India, including the transformation of India’s manufacturing, infrastructure sectors, energy and social sectors, Prime Minister Narendra Modi said before leaving for Japan.
Modi, who is on a three day visit to Japan, will first meet host Prime Minister Shinzo Abe privately in the historic city of Kyoto before holding official talks in Tokyo, seeking to boost trade between Asia's second and third largest economies.
Referring to Japan as one of India's "closest partners in political, economic, security and cultural realms," he said that he is confident that his visit will "write a new chapter in the annals of the relations between Asia's two oldest democracies and take our strategic and global partnership to the next higher level."
“We will explore how Japan can associate itself productively with my vision of inclusive development in India, including the transformation of India’s manufacturing, infrastructure sectors, energy and social sectors,” he said, before his departure.
“We will discuss how to boost our defence and security cooperation, including in defence technology, equipment and industry, in line with the evolving domestic policies of the two countries. I will try to accelerate progress on the unfinished agenda of projects and initiatives that our two countries have embarked upon,” Modi added.
Further, he said that, “I will have an opportunity to interact with leaders across the entire political spectrum in Japan, regional leaders, captains of business and industry, friends of India in Japan as well as Indian brothers and sisters living and working in Japan.”
I am confident that my visit will write a new chapter in the annals of the relations between Asia’s two oldest democracies and take our Strategic and Global Partnership to the next higher level, Modi said.
A large delegation of India's biggest industrialists including Reliance's Mukesh Ambani and software giant Wipro's Azim Premji are travelling with Modi. The PM will seek Japanese support in infrastructural developments.
India has also come out to be one of the most attractive destinations for Japanese investments in recent surveys conducted by the Japan External Trade Organization.
The number of Japanese companies operating in India is increasing rapidly. From 267 in 2006, the number has increased to around 1,800 in 2013 — more than six fold in seven years, reports Japanese media.
In 2012-13, Japan-India bilateral trade was at USD 18.61 billion, which is higher than USD 18.43 billion in the previous year.
India's primary exports to Japan have been petroleum products, iron ore, gems and jewellery, marine products, oil meals, ferroalloys and chemicals.
India's primary imports from Japan are machinery, transport equipment, iron and steel, electronic goods, organic chemicals, machine tools, etc.
Japanese companies have made an investment of USD 12.66 billion in India between April 2000 and June 2012.
This accounted for 7 per cent of total FDI inflow into India and made Japan the 4th largest investor in India. (KNN/SD)
Modi, who is on a three day visit to Japan, will first meet host Prime Minister Shinzo Abe privately in the historic city of Kyoto before holding official talks in Tokyo, seeking to boost trade between Asia's second and third largest economies.
Referring to Japan as one of India's "closest partners in political, economic, security and cultural realms," he said that he is confident that his visit will "write a new chapter in the annals of the relations between Asia's two oldest democracies and take our strategic and global partnership to the next higher level."
“We will explore how Japan can associate itself productively with my vision of inclusive development in India, including the transformation of India’s manufacturing, infrastructure sectors, energy and social sectors,” he said, before his departure.
“We will discuss how to boost our defence and security cooperation, including in defence technology, equipment and industry, in line with the evolving domestic policies of the two countries. I will try to accelerate progress on the unfinished agenda of projects and initiatives that our two countries have embarked upon,” Modi added.
Further, he said that, “I will have an opportunity to interact with leaders across the entire political spectrum in Japan, regional leaders, captains of business and industry, friends of India in Japan as well as Indian brothers and sisters living and working in Japan.”
I am confident that my visit will write a new chapter in the annals of the relations between Asia’s two oldest democracies and take our Strategic and Global Partnership to the next higher level, Modi said.
A large delegation of India's biggest industrialists including Reliance's Mukesh Ambani and software giant Wipro's Azim Premji are travelling with Modi. The PM will seek Japanese support in infrastructural developments.
India has also come out to be one of the most attractive destinations for Japanese investments in recent surveys conducted by the Japan External Trade Organization.
The number of Japanese companies operating in India is increasing rapidly. From 267 in 2006, the number has increased to around 1,800 in 2013 — more than six fold in seven years, reports Japanese media.
In 2012-13, Japan-India bilateral trade was at USD 18.61 billion, which is higher than USD 18.43 billion in the previous year.
India's primary exports to Japan have been petroleum products, iron ore, gems and jewellery, marine products, oil meals, ferroalloys and chemicals.
India's primary imports from Japan are machinery, transport equipment, iron and steel, electronic goods, organic chemicals, machine tools, etc.
Japanese companies have made an investment of USD 12.66 billion in India between April 2000 and June 2012.
This accounted for 7 per cent of total FDI inflow into India and made Japan the 4th largest investor in India. (KNN/SD)
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