‘India, Japan natural partners’: PM Modi chairs Business Roundtable in Tokyo

TIL Desk/Business/Tokyo/ Prime Minister Narendra Modi on Monday chaired a roundtable in Tokyo with Japanese business leaders, including top executives and CEOs of 34 companies which have investments and operations in India.

The companies represented diverse sectors including automobiles, electronics, semiconductors, steel, technology, trading and banking and finance. Stressing that India and Japan are natural partners, he lauded the business community as brand ambassadors of the immense potential of bilateral ties.

Modi noted that during the visit of his Japanese counterpart Fumio Kishida to India in March this year, both countries had set an ambitious target of investment of 5 trillion Japanese yen over the next five years.

Highlighting the recent developments in economic ties, such as the India-Japan Industrial Competitiveness Partnership (IJICP) and Clean Energy Partnership, among others, the PM also talked about initiatives such National Infrastructure Pipeline (NIP), Production Linked Incentive (PLI) scheme, and semiconductor policy and highlighted the robust start-up ecosystem of India.