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India invites investment from Japan in electronics

Posted: 20 May 2013     Print Version  Bookmark and Share

Keywords:Japan  electronic hardware  investment  India Investment Roundtable 

India has invited Japan to invest in sectors like infrastructure and electronic hardware to strengthen trade relations between the countries.

Commerce, Industry and Textiles Minister Anand Sharma, addressing the "India Investment Roundtable" jointly organised by the Department of Industrial Policy and Promotion (DIPP) of Ministry of Commerce and Confederation of Indian Industry in Tokyo, sought investment from leading Japanese companies in the country's electronic hardware sector.

Sharma said that besides infrastructure electronic hardware is another key area where India and Japan can collaborate. "The demand for electronic hardware in India is increasing rapidly and Japan’s support in meeting this demand would be important," he added.

The roundtable was attended by over 20 CEOs of several Japanese companies including Toshiba, Komatsu, Daiichi Sankyo, Mitsubishi Corporation, Nippon Airways, Mitsui, Mitsubishi Heavy Industries etc.

Joint Secretary DIPP, Talleen Kumar gave a detailed presentation at the roundtable on the investment opportunities in India. He highlighted the National Manufacturing Policy, various aspects of the Indian economy and opportunities available for Japanese enterprises including SMEs for investment in manufacturing and infrastructure sectors.

"The successful joint ventures between India and Japan in the auto sector could be a role model for Indian and Japanese collaboration in other sectors including services," said Vikram Kirloskar, vice chairman, Toyota Kirloskar Motor Company.

The bilateral trade between the countries stood at Rs.1.00 lakh crore ($18.42 billion) in 2011-12. Japan has invested a total of Rs.78,369.57 crore ($14.42 billion) in India between April 2000 and February 2013.

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