Seeking to enhance bilateral trade, business chambers of India and Japan have formed groups to focus on specific sectors like infrastructure, energy and skill development while working for removal of any bottlenecks by talking to the respective Governments.
The decision was taken during a meeting of the Japan- India Business leaders Forum here during the visit of Prime Minister Narendra Modi as he pitched for Japanese investments.
leading Indian industrialist Baba Kalyani, co-chair of the forum, said there is renewed enthusiasm among the foreign investors as they feel execution of decisions will happen at a much faster pace given their experience of working with Modi as the Gujarat Chief Minister.
"I think there is a lot of optimism on both sides about increasing relationship, economic relationship and bilateral trade," he told an news agency in an interview here.He said the Japanese businessmen "see in Modi a person who is great in execution and therefore are far more optimistic about what they want to do...I think the overall mood is optimistic."
Kalyani, Chairman and Managing Director of the$2.5 billion Kalyani Group of companies, said the negative investor sentiment which prevailed in India for the past few years has now reversed and is "a lot more upbeat".
"They (Japanese businesses) all feel that with Modi leading the government, they will see execution happening at much faster pace.