Post-COVID: India to roll out the red carpet for investors
India and Japan are looking for trusted partners from authentic investors as the two countries expand trade and business relationships, Commerce and Industry Minister Piyush Goyal has stressed.
“We are now looking to Japan as a strategic and investment development partner,” he said, underlining the focus on technical cooperation in existing partnerships.
Speaking at the third edition of the ‘Invest India Exclusive Investment Forum – Japan Edition’, through video conference (Digital Roadshow) for Japanese companies, Goyal underlined, “Japan is one of the most important and trusted trading partners” for India.
“As the world has recovered from the grip of the COVID-19, the Indian Government has been preparing strategies and Action Plan not only for business continuity but also for setting out the red carpet for global investors to continue to choose India as the preferred destination for investments.”
Both countries have mutually agreed to take up the issues with Japan companies on a cooperative basis.
Dwelling on the Indo-Japan close relationship, Goyal pointed out that both countries share common interests in economic and strategic fields.
Economic relations between India and Japan have vast potential for growth, he added at the webinar held on 6 August 2020.
“Japan’s interest in India is increasing due to a variety of reasons including India’s large and growing market. With its large population and growing consumer base, India is the preferred destination for Japanese investments.”
There are more than 1,400 Japanese companies in India and 5,000 business establishments around the country and 10,000 Japanese leading a very fulfilling and productive life in India, said Goyal.
The Minister highlighted the Japanese-Indian relationships in various sectors including automobiles, chemicals, consumer goods, food processing among others, and the digital world provides numerous more opportunities.
He said that as a consequence of political, economic and strategic interests, there have been many engagements and dialogues. In the area of science, technology and innovation, the collaborations have been increasing significantly.
The webinar featured presentations by senior government officials on the regulatory ecosystem& investment opportunities in New India and available infrastructure relevant to electronics & information technology, textiles, automobiles, food processing, and pharmaceuticals. #Japan #Jetro #partnership #corporations #India #PiyushGoyal #investors /fiinews.com
