Japan companies expanding their market presence in India

Foreign Minister Fumio Kishida

There has been a gradual increase of 15% in Japanese companies in India during 2014 which has been hailed by the country and it has stressed that Japan is playing a key role in Prime Minister Narendra Modi’s ‘Make in India’ Initiative.

Foreign Minister Fumio Kishida said that Japan has shown a keen interest in making investments in developing roads and infrastructure in India’s landlocked northeast, not including the state of Arunachal Pradesh.

External Affairs Minister Sushma Swaraj and Fumio Kishida held a meeting to exchange strategies during which they discussed major problems of trade and security since Kishida termed India as “the most assuring destination” for making an investment.

“Sushma Swaraj enlightened the Japanese over the special arrangements made for Japanese companies and banks under the Japan+ initiative which began and was followed by last year’s successful visit by Narendra Modi to Japan,” the sources said.

Japan has assured India to provide an amount of 35 billion dollars for developmental projects.
On Friday Kishida reached New Delhi to co-chair and discuss the 8th India-Japan Stratagem Conversation with his Indian counterpart Sushma Swaraj.

The two ministers will make a review of all sides of the bilateral relationships and discuss views on regional and international agendas of mutual interest.

They evaluated the Trilateral Contact Mechanism among the three nations: India, Japan and US in a positive manner. Both also discussed the developments acquired on the US-2 Amphibian Aircraft, called ShinMaywa.

Kishida, conducted the 15th Sapru House Lecture at the ICWA (Indian Council for World Affairs) in the morning, in which he highlighted the point on the requirement for Japan and India to make strong their maritime cooperation and commented that both sides should “even more proactively assume” their “roles and responsibilities to secure open and stable seas” within the boundaries of their partnership.

The Japanese foreign minister is staying in India on a 3-day visit from Jan 16.

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