Modi meets Japan industry leaders, invites them to make investments in India

TOKYO: On Monday, Prime Minister Narendra Modi landed in Tokyo for a two-day visit and met with three kep  Japanese business leaders, inviting them to invest in India.  Modi met Nobuhiro Endo, the Chairman of NEC Corporation, shortly after his arrival.

The Prime Minister praised the NEC's contribution to India's telecommunications industry, particularly its work on the OFC projects between Chennai and the Andaman and Nicobar Islands and Kochi and the Lakshadweep Islands. He also emphasised India's investment prospects under the Production Linked Incentive (PLI) programme.

They reviewed numerous reforms being implemented to make doing business in India easier, including industrial development, taxation, and labour. They also addressed new and developing technology prospects in India. Endo discussed prospects in India in areas such as smart cities, emerging technology, and an innovative approach to foster Japanese learning in India, Prime Minister's Office (PMO) said.

Modi also met with Osamu Suzuki, Suzuki Motor Corporation's senior advisor, to discuss more investment opportunities in India, including the establishment of manufacturing facilities for electric vehicles and batteries, as well as recycling centres, in order to achieve the goal of sustainable growth. They also talked on ways to strengthen India's domestic innovation system, such as skill development through Japan-India Institutes of Manufacturing (JIM) and Japanese Endowed Courses (JEC). 

Modi also praised Suzuki Motors' transformational role in India's automotive industry, recalling the company's history and contributions.

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