India seeks more investments from Japan
In order to further enhance trade relations with Japan, India on Friday urged Japan to make more investments in its infrastructure, electronic hardware and other sectors.
Commerce & Industry Minister Anand Sharma invited Japanese companies to explore more business opportunities in India and enjoy benefits of mutual growth.
Mr. Sharma is on an official visit to Japan to participate in India Investment Roundtable meeting, organised by the commerce ministry and industry body CII.
Quoting Mr. Sharma, the CII said, "The demand for electronic hardware in India is increasing rapidly and Japan's support in meeting this demand would be important."
Mr. Sharma also pointed out in the meeting that the Indian government had opened several sectors, including multi-brand retail and civil aviation, for foreign investors, and assured that more reforms in areas like insurance and pension would be announced soon.
Chandrajit Banerjee, director general of CII, said that key economic legislations like that of Companies Bill and Banking Bill were also on the table.
Between April 2000 and February this year, Japan invested nearly $14.42 billion in India's various sectors.