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


15

12/2017
India looks to set up more land ports to tap potential: Kiren Rijiju

India is looking to set up a few more land ports, buoyed by the success of such integrated check posts in Agartala and other places, Minister of State for Home Affairs Kiren Ri...

07

12/2017
Higher export relief for labour-intensive sectors

The mid-term review of the Foreign Trade Policy (2015-20) has brought in additional relief worth Rs.8,450 crore annually for the labour-intensive and micro, small and medium en...

01

12/2017
Delhi plans to create price stabilisation fund for onions

With rising onion prices becoming a recurring problem in many parts of the country, including the national capital, the Delhi government is believed to have suggested constitut...

21

11/2017
India increases import duties on edible oils as domestic prices of Oilseeds plunged below MSP

India has increased import duties on various edible oils ranging between 60% to even 100% on some oils like crude palm oil. With prices of oilseeds plunging way below the minim...