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Indian engineering industry appears ready for a larger access to Japanese market.
Just over a year after the signing of the Comprehensive Economic Partnership Agreement (CEPA) between Japan and India, the Engineering Export Promotion Council India is taking 'The India Show' to Tokyo in June.
According to the EEPC and the Union Ministry of Commerce, the show will be a part of the 16th Mechanical Components & Materials Technology Expo (M-Tech) in Tokyo from June 20 to 22. India is also a partner country at the M-Tech.
The show will exhibit over 100 Indian companies including those from engineering, IT, chemicals and pharmaceuticals.
Under CEPA, Japan eliminated tariffs on 87 per cent of its tariff lines. Over the next decade, it would remove the import tariffs on nearly 97 per cent of the tariff lines. This year also marks the 60th anniversary of diplomatic relations between the two countries.
Iron, steel, zinc and copper items from India now fetches zero duty in Japan. The total trade between the two countries stood at $13.82 billion in 2010-11.
jayanta_mallick@thehindu.co.in
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