Tokyo, Dec 07: India today invited Japan to outsource business to tackle the problem arising out of high percentage of aging population. "This was a win-win situation for both countries... Business outsourcing was the only way to overcome the demographic handicap and yet sustain profitability and growth," Planning Commission member N K Singh said today.

Singh also highlighted India's economic advantage and the new opportunities deregulation and reforms have created for Japanese investment particularly in infrastructure.

Participating at a symposium organised by Japanese government, Singh also listed ports, airports privatisation, roads, power and agro-processing as sectors which could attract Japanese investment.

Several economists and experts in international relations including Stephen Cohen of Brookings Institute, Gong Shao-Peng of foreign affairs collects, Yoshimi Ishikawar of Akita College participated in the symposium which highlighted the strategic importance of India and prospects for Indo-Japanese cooperation.

Bureau Report