Home / Knowledge / News / Dr. Ashwani calls for exponential leap in Indo-Japan Relations
Dr. Ashwani calls for exponential leap in Indo-Japan Relations
18
Feb '08
Addressing a JIBCC, FICCI sponsored Business summit attended by over 200 Japanese companies in Tokyo, Dr Ashwani Kumar, Minister of State, Department of Industrial Policy and Promotion called for the need to expand the level of India-Japan economic engagement.

Speaking to an audience of over 200 Japanese investors, he stated that the present share of Japan in India's global trade was a mere 2.3% in 2006-07.

He reminded the Japanese Business leaders, of India's plans to spend 7-8% of GDP into development of Indian infrastructure which in monetary terms would be of the level of 450 billion USD out of which 150 billion would have to come from the private sectors including foreign investors.

Dr Kumar invited Japanese investment in the development of Indian Power Sector, Civil Aviation, Logistics, Biotechnology, Nano-technology and also in the Agro Processing and Clean technology.

Speaking with reference to the DMIC and Delhi Mumbai Freight Corridor, Dr Kumar said that these two projects are the most ambitious projects ever undertaken by India and that Japan being a partner in the project is a step forward in forging a meaningful Special Economic Partnership between India and Japan.

The project involves a capital outlay of USD 90 billion and is expected to generate 3 million additional jobs. Japanese companies, he said are likely to invest USD 5 billion in the DMIC over the next three years.

Dr Ashwani Kumar meets Former Prime Minister Abe and METI Minister in Tokyo. Dr Kumar called upon former Prime Minister Mr Shinzo Abe and conveyed to him the greetings of Govt and people of India.

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search