PM Modi Meets Japanese Business Delegation to Strengthen Economic Ties

New Delhi: Prime Minister Narendra Modi met a high-powered delegation from Keizai Doyukai (Japan Association of Corporate Executives) on March 27. The meeting aimed to deepen economic cooperation between India and Japan, with discussions focusing on strengthening bilateral trade, enhancing investment opportunities, and fostering collaboration in key sectors Including agriculture, marine products, space, defense, insurance, technology, infrastructure, civil aviation, clean energy, nuclear energy, and MSME partnerships.

Led by Takeshi Niinami, Chairperson of Keizai Doyukai, the delegation included 20 prominent business leaders from Japan.

Prime Minister Modi emphasized India’s commitment to providing a business-friendly environment, highlighting the Japan Plus system developed to facilitate and fast-track Japanese investments in India. He assured the delegation that India’s governance is policy-driven, ensuring a transparent and predictable environment for investors.

The Prime Minister also spoke about India’s rapid growth in the aviation sector, significant infrastructure development, and the country’s potential in the AI landscape. He encouraged Japanese businesses to partner with India, leveraging the country’s vast diversity and talent pool.

Furthermore, Prime Minister Modi highlighted India’s progress in green energy, including the launch of a biofuels mission. He emphasized the benefits of biofuels for the agricultural sector and expressed interest in collaborations in cutting-edge sectors like space and nuclear energy.

The Keizai Doyukai delegation shared their plans for India and expressed interest in exploiting complementarities between India and Japan in human resource and skill development. Both sides expressed optimism about future collaborations, looking forward to deepening business and investment ties.

Niinami Takeshi, Representative Director, President & CEO of Suntory Holdings Ltd, appreciated the thriving relations between India and Japan under Prime Minister Modi’s leadership. He emphasized the huge opportunities for Japanese investment in India, aligning with the Prime Minister’s vision of “Make in India, Make for the World.”

Tanakaa Shigehiro, Corporate Senior Executive Vice President and Chief Government Affairs Officer of NEC Corporation, praised Prime Minister Modi’s clear vision and expectations for Japanese industry investment in India.