A Japanese high level business delegation led by the country minister for
Economy, Trade and Industry Mr Hiroshige Seko said his country intends to
diversify their business in India in sectors like Logistics,Agriculture, Power,
Electronics, Railways and in manufacturing of ATMs.
The Japanese delegation which is attending the ongoing Vibrant Gujarat
investors Summit in Ahmedabad had a meeting with Commerce Minister Nirmala
Sitaraman during their stay in national capital last week.
The Japanese side also expressed interest in enhancing cooperation in the
area of intellectual property rights and intended to tain Indian IPR examiners
in Japan. the delegation also extended invitation to one hundred IPR examiners
from India to be trained in Japan to start with.
The Japanese side requested that the issue of transfer pricing assessment
and other issues raied by Japan Chamber of Commerce and Industry in India from
time to time need to be resolved for attracting greater Japanese investments in
Commerce Minister Nirmala Sitaraman told the Japanese delegation that steps
be taken to increase Indian exports to Japane in sesame seeds, Surimi fish and
Indian generic drugs. She said that the Japanese Industrial townships coming up
in various parts of India would be tranformational and will bring in
significant Japanese investment and further strengthen the economic cooperation
between the two countries.
On the Logistics front she said India plans to build a Logistics University
wherein the cooperation from Japan would be needed. The Minister also expressed
confidence that the partnership between the two countrties would be elevated
further to new levels with sustained engagement.
She said the pace of implementation of India Japan comprehensive economic
partnership agreement has been rather steady and needed to be enhanced with
faster pace to tap the huge potential of India Japan bilateral trade,
Japanese Minister for Economis, Trade and Industry Hiroshige Seko said
there is huge potential for Indo Japanese cooperation and that as many as 25
Japanese companies are participating in Vibrant Gujarat summit with great