Prime Minister Abe invites Indian Companies to Invest in Japan
Today:- H E Shinzo Abe, Prime Minister of Japan stated that Japan had a lot to offer India in terms of environment friendly technologies. These included the Metro Rail which has already helped transform urban transportation in Delhi and was now beginning to expand to other cities in India. Other technologies which he felt India could benefit from included the Shinkasen or Bullet train which could reduce inter-city travel times and coal-fired power generation technologies which would help generate cleaner energy.
Prime Minister Abe was of the view that the future of both countries lay in improving productivity through innovation. In this regard, it was crucial that India and Japan collaborate in the area of Science and Technology.
The Japanese Prime Minister was speaking at the Japan-India Innovation Seminar which was organized by the Japan External Trade Organisation (JETRO) in collaboration with the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce nad Industry (FICCI) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Japan Science and Technology Agency (JST) and New Energy and Industrial Technology Development Organisation (NEDO).
According to the Japanese Prime Minister, India and Japan were the two largest democracies in Asia and cooperation between the two countries was crucial to ensure peace and stability in the world. A strong India is in the best interests of Japan and a strong Japan is in the best interests of India, he added.
Prime Minister Abe pointed out that like India, Japan had also undertaken its own economic restructuring programme and as a result its GDP had touched 100 trillion Yen – the highest since World War II. He invited Indian companies to take advantage of the emerging opportunities in his country.Earlier welcoming the participants, Mr. Sumit Mazumder, President, CII stated that the reforms undertaken by the Government of India over the past 18 months has re-invigorated Japanese investor interest in India and there was an immense opportunity to promote more Japanese investments into India.
In his address, Mr. Harshvardhan Neotia, President Elect, FICCI stated that new opportunities were emerging in India with the introduction of initiatives such as Digital India, Make in India etc. and invited Japan to take advantage of the opportunities which emerged from these opportunities.
Addressing the participants, Mr. Sunil Kanoria, President, ASSOCHAM stated that Japanese companies should seek to invest in the infrastructure sector through the PPP route.
By Teennws1 Network Team