Sitharaman invites Japanese investors to India

IANS  |  New Delhi 

Acknowledging the contribution being made by Japanese companies in India, Commerce Minister on Friday urged them to avail of the opportunities on offer as shapes to increae the share of manufacturing in its to 25 per cent in the coming years.

"wants to increase the contribution of manufacturing sector to to 25 per cent," a Commerce Ministry statement quoting Sitharaman said here. Manufacturing currently contributes in the range of 15-16 per cent to India's

She was addressing a gathering at the Investment Seminar in Tokyo organized by Japan External Trade Organization (JETRO). Sitharaman is on an official visit to Japan leading a delegation and she met her Japanese counterpart Hiroshige Seko and business leaders of Japan at the Tokyo conference on Friday.

According to the statement, Sitharaman also spoke of various initiatives like the National Investment and Infrastructure Fund for infrastructure financing, the program to connect 250,000 villages with optical fiber and the Jan Dhan scheme.

Both countries discussed ways of increasing bilateral trade and investments at the meeting between Sithraman and Seko, the statement added.

Japan is the third largest foreign investor in India, with a cumulative investment $25.2 billion made between the 2000-2016 period.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Sitharaman invites Japanese investors to India

Acknowledging the contribution being made by Japanese companies in India, Commerce Minister Nirmala Sitharaman on Friday urged them to avail of the opportunities on offer as India shapes to increae the share of manufacturing in its GDP to 25 per cent in the coming years.

Acknowledging the contribution being made by Japanese companies in India, Commerce Minister on Friday urged them to avail of the opportunities on offer as shapes to increae the share of manufacturing in its to 25 per cent in the coming years.

"wants to increase the contribution of manufacturing sector to to 25 per cent," a Commerce Ministry statement quoting Sitharaman said here. Manufacturing currently contributes in the range of 15-16 per cent to India's

She was addressing a gathering at the Investment Seminar in Tokyo organized by Japan External Trade Organization (JETRO). Sitharaman is on an official visit to Japan leading a delegation and she met her Japanese counterpart Hiroshige Seko and business leaders of Japan at the Tokyo conference on Friday.

According to the statement, Sitharaman also spoke of various initiatives like the National Investment and Infrastructure Fund for infrastructure financing, the program to connect 250,000 villages with optical fiber and the Jan Dhan scheme.

Both countries discussed ways of increasing bilateral trade and investments at the meeting between Sithraman and Seko, the statement added.

Japan is the third largest foreign investor in India, with a cumulative investment $25.2 billion made between the 2000-2016 period.

--IANS

bc/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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