Observing that new opportunities have emerged for business in view of Prime Minister Narendra Modi's visit to Japan, industry body CII on Wednesday urged Japanese companies to seize this opportunity and invest in India.
"The Prime Minister's visit to Japan has laid the foundation for the Special Strategic Global Partnership as envisaged by the leadership of our two countries. New opportunities have emerged for industry following the visit," said CII President Ajay Shriram."It is the right time for Japanese companies to seize this opportunity and look at India as a business destination. This will support the growth of Indian economy and industry for mutual benefit," said Shriram, who was a part of the CEOs' delegation visiting Japan.
He said Japanese investment into India in Advanced Manufacturing and High technology areas and export of value- added products from India to Japan will help in reducing trade imbalance between the two countries.India and Japan can collaborate in the development of Smart Cities, Integrated Waste Water Management, Agriculture and food chain development, defence production and skills development, among others.