Sunday, July 21, 2024
spot_img

‘Pied Piper’ Modi lures Japan to invest in India

Date:

Share post:

spot_img
spot_img

NEW DELHI: India Inc sees a big leap in Japan’s business interest in India, with the commitment of $35 billion in infrastructure a case in point, as Prime Minister Narendra Modi returned home on Wednesday after a five-day visit to this East Asian nation.

This optimism, the stakeholders added, got a boost with Modi assuring Japanese investors a ‘red carpet’ instead of ‘red tape’ and even walking the extra mile by announcing a team in his office with two Japanese nominees to fast-track their investment proposals.

On the trade front, the industry saw no difficulty in realising the stated intent of raising the value of annual bilateral merchandise shipments exchanged between the two countries to $50 billion in five years from the current level of $16 billion.

Japan has pledged support for virtually every project Modi has spoken about in his 100 days in office – infrastructure, high-speed trains, smart cities, Ganga rejuvenation, clean energy, skilling and food processing.

This is no loose talk. All this – and more – has been incorporated in the 3,300-word document which emerged after bilateral talks between Modi and his counterpart Shinzo Abe – the Tokyo Declaration.

The big leap in economic ties after Modi’s visit in a situation where bilateral trade declined to $16.3 billion in 2013-2014 as compared to $18.5 billion the year before could not have occurred without a favourable political context. (IANS)

spot_img
spot_img

Related articles

Bangladesh-o jachanggipa student-rangko rimbakuenga

SHILLONG: Bangladesh-o golmalrang ong·enganio Meghalaya a·dokoni aro gipin a·dokrangoni chatro chatrirang baksa rimba-pilaniko dakangkuenga aro Meghalaya a·dokni chatro...

Niamgri skigiparangko rakkiani mamlao matnangatgipa dolgipinrangba ra·gapila

TURA: West Garo Hills-o Rajabala Higher Secondary School-o niamgri skigiparangko rakkiani mamlao dolgipin jemangan Robibar salo matnangataniko dakaha...

Hindi skigipako rakkianio tik ong·janina AHAM matnanga

Rongjeng: East Garo Hills District-o Nongchram Deficit UP School-o skigipako rakkianio tik ong·gijanina maio uamang matnangatachim uano Swapnil...

NALSA-ni bidingo Legal Awareness Programko ong·ata

Shillong:  NALSA (Legal Services to the victims of drug abuse and the eradication of the drug Menace) Scheme...