Ahead of the Quad Leaders Summit, Prime Minister Narendra Modi presided over a roundtable meeting with top CEOs and executives of Japanese companies in Tokyo on Monday. According to an official statement issued by the Ministry of External Affairs (MEA), most of these companies are already operating in India and have invested here as well.
Who was present at the round table meeting?
Various sectors including semiconductor, steel, technology, banking and finance, trading, automobile and electronics.
The Japan-India Business Consultative Committee (JIBCC) and Invest India, Keidanren, Japan External Trade Organization (JETRO), Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), all were present at the meeting with Prime Minister Modi.
Prior to the roundtable meeting, he met with the chief executives of several large Japanese companies, including NEC Corporation Chairperson Dr. Nobuhiro Endo, Uniclo CEO Tadashi Yanai, and Suzuki Motor Corporation Osamu Suzuki. These companies have a global presence and recognition.
Over the next five years, the two countries have set an ambitious target of investing 5 trillion Japanese yen. The announcement was made when Japanese Prime Minister Kishida visited the country earlier this year.
Praising the business community as brand ambassadors, Prime Minister Modi highlighted the recent developments in the economic relations between India and Japan. He talked about India-Japan Industrial Competitiveness Partnership (IJICP) and Clean Energy Partnership and much more.
He also spoke about other initiatives in India, including strong startup ecosystem and semiconductor policy, infrastructure pipeline (NIP), and Production Linked Incentive (PLI) project.
Inviting greater participation of Japanese countries in India, he proposed “Japan Week” which would showcase their contribution to India. Despite the slowdown in global FDI, India was able to attract about 84 84 billion in the previous financial year.
Japanese company in business forum
Honda Motor Co., Ltd .; Nissan Motor Corporation; Toyota Motor Corporation; Yamaha Motor Corporation; Suzuki Motor Corporation; Mizuho Bank Limited; MUFG Bank Limited and JIBCC; Sumitomo Mitsui Banking Corporation; Nomura Securities Co., Ltd.; Japan-India Business Cooperation Committee; Keidanren; Dream Incubator Inc. Sumitomo Chemical Co. Ltd. IHI Corporation; Kawasaki Heavy Industries, Ltd.; Hotel Management International Co. Ltd. Brooks & Co. Ltd. Fujitsu Limited; NEC Corporation; Jetro; JICA; JBIC; Mitsui OSK Lines; Hitachi Limited; Daikin Industries Limited; JFE Steel Corporation; Nippon Steel Corporation; Toray Industries, Inc .; Mitsui & Co. Ltd. Sojitz Corporation; Sumitomo Corporation; Toyota Susho Corporation; Marubeni Corporation; And Mitsubishi Corporation.