Modi meets industry leaders in Japan, invites them to invest in India

Japan(QNN)

Visiting Prime Minister Narendra Modi, who arrived in Tokyo on a two-day visit, met three important business leaders of Japan and invited them to invest in India.

Shortly after his arrival, Modi first met Nobuhiro Endo, the Chairman of NEC Corporation.

The Prime Minister lauded the NEC’s role in India’s telecommunication sector, especially in undertaking Chennai-Andaman & Nicobar Islands (CANI) and Kochi-Lakshadweep Islands (KLI) OFC projects. He also highlighted India’s investment opportunities under the Production Linked Incentive (PLI) scheme.

During the meeting, they discussed various reforms being undertaken to enable ease of doing business in India including in industrial development, taxation and labour. They also discussed opportunities in India in new and emerging technologies.

According to the Prime Minister’s Office (PMO), Endo spoke about opportunities in India in areas such as smart cities, emerging technologies and an innovative effort to encourage learning of Japanese in India.

Modi also met Osamu Suzuki, senior advisor of the Suzuki Motor Corporation, and discussed further investment opportunities in India including setting up of production facilities for electric vehicles and batteries as well recycling centres, for realizing the goal of sustainable growth.

They also discussed strategies for building the local innovation system in India, including skill development through Japan-India Institutes of Manufacturing (JIM) and Japanese Endowed Courses (JEC).

Modi arrived here on a two-day visit at the invitation of his Japanese counterpart Fumio Kishida.

He is scheduled to participate in the third Quad Leaders’ Summit in Tokyo on Tuesday along with US President Joe Biden, Australian Prime Minister Anthony Albanese and Kishida.

Modi and Kishida will also hold a bilateral meeting.