Japan plans to double investment in India: media
report
01/09/2014 14:25
According to a report in the Nikkei business daily, Japan is aiming to double its direct investment in India in five years from last year’s level of USD 2 billion.
Japanese Prime Minister Shinzo Abe is hosting Indian Prime Minister Narendra Modi, who is on his first major international tour since scoring an emphatic victory in the general elections in April-May.
The five-day visit of the Indian Prime Minister to Japan is aimed at strengthening economic, business and security ties with Japan and enhancing co-operation between the two countries.
The report in the Nikkei business daily said that Modi and Abe may also reach an agreement on speeding up talks on a nuclear energy accord, while the two countries are also likely to strike a deal to hold regular joint training exercises in maritime defense.
India is eying robust investment from Japan in railways to modernize the country’s ageing railways infrastructure including the introduction of Japan-like high-speed bullet trains in the country. In order to woo Japanese investors, Modi has liberalized FDI in railways including permitting 100 per cent FDI via the automatic route in high speed trains.
01/09/2014 14:25
According to a report in the Nikkei business daily, Japan is aiming to double its direct investment in India in five years from last year’s level of USD 2 billion.
Japanese Prime Minister Shinzo Abe is hosting Indian Prime Minister Narendra Modi, who is on his first major international tour since scoring an emphatic victory in the general elections in April-May.
The five-day visit of the Indian Prime Minister to Japan is aimed at strengthening economic, business and security ties with Japan and enhancing co-operation between the two countries.
The report in the Nikkei business daily said that Modi and Abe may also reach an agreement on speeding up talks on a nuclear energy accord, while the two countries are also likely to strike a deal to hold regular joint training exercises in maritime defense.
India is eying robust investment from Japan in railways to modernize the country’s ageing railways infrastructure including the introduction of Japan-like high-speed bullet trains in the country. In order to woo Japanese investors, Modi has liberalized FDI in railways including permitting 100 per cent FDI via the automatic route in high speed trains.
