Prime Minister Narendra Modi cordially invited greater participation by Japanese companies and also proposed a “Japan week” so as to celebrate Japan‘s contribution in India’s development journey.
To attend, the Quad Summit 2022, PM has visited Tokyo .
Prime Minister shared around Japanese business leaders, stated that a record of USD 84 billion in FDI has been attracted by India in the previous financial year and also termed as “a vote of confidence in India’s economic potential”
In this round table, top executive and CEOs of 34 Japanese companies those with diverse sectors including automobiles, steel, technology, trading, banking, electronics, semiconductors, and had investment operations in India, participated.
In the meeting, PM Modi address various development such as India- Japan industrial competitiveness partnership and Clean Energy partnership etc. Highlighting the robust start-up ecosystem in India, he addressed about initiatives such as national infrastructure pipeline, production linked incentive scheme and semiconductor policy.
Top Japanese organizations as a part:-
Top business bodies and organizations like Japan external trade organization (JETRO), Japan bank for international cooperation (JBIC), Japan International cooperation agency (JICA) were a part of the round table session. Also, top executives, from Honda motor Co. LTD, Suzuki motor Corporation, Yamaha Motor corporation, Toyota motor corporation, also attended the meeting.
Japanese business leaders were informed of the recent reforms by India to ‘make in India for the world’ and ease of doing business in the country.
PM Modi stated India and Japan as Natural partners.
Meeting with board director and founder of Softbank Corporation, Japan: –
Prime Minister had meeting with the Board director and associated their start-up sector. Also discussed about Softbank future participation in various fields such as Technology, energy and Finance, in India.
Meeting with senior advisor of Suzuki Motor corporation, Japan:-
Prime Minister discussed with the senior advisor and appreciated the transformational rule of Suzuki motors in the automotive industry.
Meeting with chairman, president and CEO of fast retailing Co. Ltd:-
Prime Minister discussed about the rapidly growing textile and apparel market of India and investment opportunities under the production linked incentive (PLI) scheme.
Prime minister has also enhanced participation in India and has invited Uniqlo to become a manufacturing hub for textiles.
Read More – PM Modi in Tokyo to attend quad summit: Know the details
