Japan and India join hands to improve bilateral trade
Business chambers of India and Japan have formed groups to focus on specific sectors like infrastructure, energy and skill development. This move was taken anticipating that it will enhance bilateral trade. They are working towards removal of any bottlenecks by talking to the respective governments.
The decision was taken during a meeting of the Japan- India Business Leaders Forum in Japan during the visit of Prime Minister Narendra Modi. Modi is known for his maginificent visions and he is in talks with the Japanese officials to improve the infrastructure of the nation. Modi has pitched for Japanese investments through the FDI way in the infrastructure sector.
Leading Indian industrialist Baba Kalyani who is also the co-chairperson of the forum stated that there is renewed enthusiasm among the foreign investors. The investors feel that the execution of decisions will happen at a much faster pace compared to any other Indian governments in the past. The Japanese officials already have an experience of working with Modi as the Gujarat Chief Minister. Japan had invested in Gujarat for the development of the state.
Kalyani also stated that he thinks that there is a lot of optimism on both sides about increasing relationship, economic relationship and bilateral trade. This move will be beneficial for both the nations as India will benefit from the investments and technological know-how of Japan, and Japan can reap good returns on investments.
Source- The Economic Times
bilateral trade, Business chambers of India, Energy, FDI, India, Infrastructure, Investments, Japan, Japan- India Business Leaders, Narendra Modi, skill development, Technological
