Financial Daily from THE HINDU group of publications
Tuesday, Apr 13, 2004
Financial Daily from THE HINDU group of publications Tuesday, Apr 13, 2004 |
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Corporate
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Announcements Itochu Corp keen to enter more sectors in India Our Bureau
New Delhi , April 12 ITOCHU Corporation, the $89-billion Japanese trading giant, has expressed keen interest in the business of infrastructure, mining, nano-technology and life sciences in India. Its wholly-owned subsidiary, Itochu India, is already engaged in the development of the country's power sector and the Delhi Metro. Itochu's interest in these four sectors was conveyed to the President, Dr A.P.J. Abdul Kalam, when the Japanese corporation's top brass led by its Chairman, Mr M. Murofushi, called on him at the Rashtrapati Bhavan last week. Mr Murofushi had come to India as the Co-Convenor of the Williamsburg Conference, the close-door meet whose focus was on the relations between India, Japan, China and the US. At the meeting with Dr Kalam, Mr Murofushi noted that the Japanese Government's decision to extend $1 billion as aid to India was proof of their confidence in the country. The President, on his part, commented that if these four powerful nations with a combined population of about three billion made collaborative efforts, the results would be fantastic. Reiterating the traditional amicable relations between India and Japan, Dr Kalam noted that technologically, the two countries could become good business partners.
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