Industry & Economy
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Foreign Direct Investment
Japanese cos urged to invest in India
Our Bureau
New Delhi
,
Sept. 19
THE Commerce and Industry Minister, Mr Kamal Nath, on Monday invited Japanese companies to invest in India, stating that the economy was well suited to the small and medium Japanese companies that might have difficulty in operating in their own saturated market.
"With the vast technical and managerial skills available here, Indian and Japanese small and medium companies can join hands as complementary and supplementary partners. They could cater to not only the vast Indian market, but also the untapped markets in Asia, Latin America and Africa," Mr Kamal Nath said at an interactive session on investment opportunities in Madhya Pradesh.
The interactive session was with the Japanese companies working in India. Mr Kamal Nath co-chaired the meeting with the Madhya Pradesh Chief Minister, Mr Babu Lal Gaur. The meeting was jointly organised by the Madhya Pradesh Government and the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry.
Mr Kamal Nath said that there was great scope to further intensify Indo-Japanese industrial cooperation in sectors such as telecommunication, power generation, software, bio-technology, food processing, transportation, chemicals and petrochemicals.
He said that India's trade with almost all major trading partners had been growing.
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