Prime Minister Modi Engages With Keizai Doyukai Delegation To Strengthen India-Japan Economic Ties
Prime Minister Narendra Modi met with a high-powered delegation from Keizai Doyukai (Japan Association of Corporate Executives) at 7 Lok Kalyan Marg on Thursday. The delegation, led by Chairperson Takeshi Niinami and comprising 20 senior Japanese business executives, discussed avenues to deepen economic cooperation between India and Japan.
The discussions covered a broad spectrum of areas, including strengthening bilateral trade, enhancing investment opportunities, and fostering collaboration in key sectors such as agriculture, marine products, space, defence, insurance, technology, infrastructure, civil aviation, clean energy, nuclear energy, and MSME partnerships.
Prime Minister Modi reaffirmed the strength of the India-Japan Special Strategic and Global Partnership and reiterated India’s commitment to providing a business-friendly environment. He highlighted the Japan Plus system, an initiative developed to facilitate and fast-track Japanese investments in India. Emphasizing transparency and predictability in governance, he assured investors that India’s policies are structured to eliminate ambiguity and hesitation.
Highlighting the immense growth of India’s aviation sector, the Prime Minister outlined the country’s efforts to build significant infrastructure, including new airports and expanded logistics capabilities. He also emphasized India’s potential in the artificial intelligence (AI) domain, stating that India’s vast diversity and dynamic market will play a crucial role in shaping the global AI landscape. He encouraged Japanese businesses to collaborate with India in AI-driven innovations.
The Prime Minister underscored India’s strides in green energy, particularly through the launch of a biofuels mission, which he noted would add significant value to the agricultural sector. Additionally, he spoke about the opening up of India’s insurance sector and expanding opportunities in cutting-edge fields like space and nuclear energy.
The Keizai Doyukai delegation shared their plans for investment in India, expressing enthusiasm for leveraging complementarities between the two nations in human resource development and skill enhancement. Both sides expressed optimism about future collaborations, reaffirming their commitment to strengthening business and investment ties.
Takeshi Niinami, Representative Director, President & CEO of Suntory Holdings Ltd, commended the flourishing India-Japan relationship under Prime Minister Modi’s leadership. He highlighted Japan’s growing interest in investing in India and lauded Modi’s “Make in India, Make for the World” initiative.
Tanakaa Shigehiro, Corporate Senior Executive Vice President and Chief Government Affairs Officer of NEC Corporation, praised the clarity of Prime Minister Modi’s vision and expectations for Japanese industry in India.
