India Now - page 6

4
APRIL-MAY 2015
|
National
ROUND-UP
VOICEOF
AVISIONARY
“The journey has been enjoyable so far...I am confident
that Brand India and the potential that it promises will
provide us the platform to build an institution
of global repute, size and stature.”
— Uday Kotak
Executive Vice Chairman & MD, Kotak Mahindra Bank Ltd.
billion
Japan’s
target
investment
in India
India-Japan Ink Agreement
Action
agenda aligned to vision of Make in
India
INDIA
and Japan signed an agreement on April
30, aimed at doubling Japanese investment into
Indian firms in the next five years to US$ 35 bil-
lion and also promote bilateral trade between
the two countries. The treaty was signed by Mr
Yoichi Miyazawa, Minister of Economy, Trade
and Industry, Japan, and Ms Nirmala Sithara-
man, Minister of State (Independent Charge)
for Commerce and Industry, Government of
India. India will now receive assistance from
Japan in its
Make in India
programme. The pact
is also aimed at boosting trade and investment
ties between the two countries and encouraging
Asia-Pacific economic integration.
The India-Japan action agenda is categorised
into five broad categories—development of
selected townships in India as Japanese indus-
trial townships, promotion of investment and
infrastructure development, further develop-
ment and cooperation in the IT sector, enhanc-
ing cooperation in strategic sectors and Asia-
Pacific economic integration. The signing of the
pact is being seen as a progression of PMModi’s
visit to Japan last year. Currently, with about US$
17.9 billion worth of investments in India, Japan
is the fourth largest investor in the country.
DATA
BRIEFING
US$
35
1,2,3,4,5 7,8,9,10,11,12,13,14,15,16,...62
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