Japan ready to invest in India’s infrastructure if it pursues financial reforms
Quotes

Japan ready to invest in India’s infrastructure if it pursues financial reforms

Last Updated: Wednesday, April 03, 2013, 13:54
 
 Comment 1
 
Japan ready to invest in India’s infrastructure if it pursues financial reforms
Tokyo: Japanese Prime Minister Shinzo Abe has said the country is willing to cooperate in developing infrastructure in India.

Abe however urged the South Asian nation to pursue financial-sector regulatory reform and improve its tax system in order to increase Japanese investment there, Foreign Ministry officials said.

In a meeting with Indian Finance Minister P. Chidambaram, Abe expressed hope that bilateral cooperation in developing India’s high-speed railway system and the Delhi-Mumbai Industrial Corridor will further be promoted, Japan Times reports.

The industrial corridor is a bilateral initiative that was agreed in 2006 to build a freight railway linking the two major Indian cities and industrial complexes along the rail corridor.

Abe at the outset of the meeting at his office said that the relationship between Japan and India is filled with potential.

According to the report, Chidambaram expressed hope that Japan will cooperate in developing India’s infrastructure by utilizing Japanese technologies and that more Japanese companies will set up local operations.

ANI



First Published: Wednesday, April 03, 2013, 13:54


Comments


comments powered by Disqus
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM
Samsung Galaxy Tab S
Samsung Galaxy Tab S

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved