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Japanese 2016-17 investment jumps 80%/year

Fiinews by Fiinews
September 15, 2017
in Award, Investment
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Modi applauds Japanese confidence in India

Modi presenting the book, “Mann Ki Baat – A Social Revolution on Radio” Abe, at Mahatma Mandir, in Gandhinagar, Gujarat on 14 September 2017.

Japan is the third largest investor in India, with US$4.7 billion in 2016-17, an 80% increase on the year.

Highlighting this, Prime Minister Narendra Modi said: “It clearly shows how much confidence and optimism is prevalent in Japan towards India’s economic development and a golden tomorrow.”

“And by looking at this investment, it can be assumed that in the coming days people-to-people ties between India and Japan will grow further along with a growing business,” stressed the Prime Minister after hosting his Japanese counterpart Shinzo Abe on 14 September.

“We already provide visa on arrival facilities to citizens of Japan and now after the collaboration between India Post and Japan Post we are going to introduce a Cool Box Service so that the Japanese people living in India can directly get their favorite food from Japan,” assured Modi.

“At the same time, I would also request the Japanese business community to open more Japanese restaurants in India! Today, India is on the path of a radical change at many levels.

“Whether it is ease of doing business or Skill India, taxation reforms or Make in India, India is transforming completely. This is a huge opportunity for Japanese businesses.

And I’m glad that many Japanese companies are deeply involved with our flagship programs,” he said. fii-news.com

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