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India, Japan draft investment road map
Publication Date : 13-09-2013
India and Japan have charted out a road map to boost investment between the two countries.
At a meeting headed by India Union minister of Commerce and Industry Anand Sharma, Japan Minister of Economy, Trade and Industry Toshimitsu Motegi and business leaders, they all agreed that India’s growing economy and stable investment climate offer large opportunities for Japanese companies.
“Our action plan focuses investment in export oriented manufacturing. Japan has shown tremendous interest that will lead not only foreign investment flows, bring in a culture of quality and high-end management practices in Indian industry along with creation and strengthening supply chains” said Sharma.
In order to make the business environment amiable, the Japanese side agreed to hold business matching activities for procurement of automobile parts and raw materials in Chennai and Pune this year. It will be organised by Japan External Trade Organisation (Jetro) for further consolidation of supply chain networks between both the countries.
The Japanese side will also hold Japan-India Energy Exhibition in 2013 by Jetro and New Energy and Industrial Technology Development Organisation for business alliances in energy-saving sector.
The same business matching exercise will be carried in the companies involved in creative industries.
The Japanese side will also support capacity enhancement of export supporting institutions such as Federation of Indian Export Organisations through Jetro. Both sides will also start industrial human resource development.