Pledging continued political stability and economic reforms, Prime Minister Atal Bihari Vajpayee has invited Japanese industrialists to invest in India in sectors like infrastructure, telecommunications, information technology, energy and textiles. “Now, more than ever before, India offers excellent opportunities to do business. There is political stability, there is growing commitment to carrying out further economic reforms across the political spectrum,” Vajpayee, who is on a five-day visit to Japan, said while addressing an India business meeting.
The meeting was organised by Kansai Economic Federation, Kansai Association of Corporate executives, Osaka Industrial Association and Osaka Chambers of Commerce. Assuring Japanese investors that his government was committed to simplification, rationalisation and ensuring transparency of regulatory procedures and institutions, the Prime Minister welcomed Tokyo`s recent decision to lift economic sanctions against India.
About global partnership between India and Japan, Vajpayee said that recent international developments had reinforced the arguments for global partnership between the two countries in the 21st century. “We should endeavour to qualitatively transform our bilateral political relationship, with a strong underpinning of trade and economic linkages, cultural and educational exchanges and synergies in science and technology,” Vajpayee said.
Bureau Report