PM Modi In Japan: PM Modi meets world famous businessmen of Japan

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PM Modi Meets Japanese Businessmen: Prime minister Narendra Modi When he reached Tokyo, the capital of Japan, an important agenda of his programs was meeting with industrialists. Japan is also a big economic helper for India and also a strategic partner. Recently, Japan has promised that it will invest about $ 42 billion in India through public and private resources in the next five years. The effort of PM Modi, who reached Tokyo, is to ensure the way for this money-stream of Japan. So that the speed of the engine of growth in India can be increased.

In this episode, while Modi held direct meetings with the heads of four big Japanese companies, he also led a business round table with the heads of 34 Japanese companies in the public and private sector. In these meetings, while the PM talked about India’s economic prospects and the business facilities being given by the government, he also invited Japanese companies to invest more money in India. To attract Japanese investment, the PM also proposed to celebrate Japan Week in India.

1. NEC Corp.

Whom did you meet? Nobuhiro Ando, ??Chairman, NEC, Japan

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what is the importance

Japan’s largest technology company is NEC. PM Modi met Nobuhiro Ando, ??the chairman of this Japanese company. During this, the role of NEC company in creating optical fiber network between Chennai-Andaman and Nicobar and Kochi-Lakshadweep was discussed. Andaman-Nicobar and Lakshadweep are also very important for India from a strategic point of view where India also has military bases. The optical fiber link of the main part of the country with these island regions strengthens the strategic connectivity.

what will be the benefit

NEC wants to be a participant in the Smart City project in India. Along with this, strong logistics supply will also increase the stake in the area of ??emerging technology including smart education to financial technologies.

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2.Uni Chloe, Retail Store Company

Whom did you meet? Tadashi i.e., Chairm an, CEO Uni Chloe, Retail Store Company

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what is the importance

Japanese company Uni Clo is a company operating apparel retail stores in many countries of the world. The stores of this company are also growing rapidly in India. Prime Minister Modi invited the head of Uni Clo to tap the potential of the textile sector in India and take advantage of the PM-Mitra scheme.

what will be the benefit

If Uniqlo increases its sourcing from India’s textile sector and its investments in it, then it will benefit the textile business of the country. Textile is the second largest employment generating sector in India after agriculture in which about 45 crore people work. Partnerships and investments with global companies like Uniqlo can enhance the global prospects for India’s textile industry amid challenges emerging in textile production from many other countries including Bangladesh, Vietnam during the past few years.

3.Suzuki Motors

Whom did you meet? Osamu Suzuki, Senior Advisor, Suzuki Motors Corp.

what is the importance

The automobile sector has emerged as a new engine for India’s economy. India is the largest manufacturer of tractors in the world and the second largest manufacturer of buses. During the last two decades, foreign direct investment of $ 31 billion has come in India’s auto sector. Suzuki Company has set a target to increase the capacity of its Gujarat-based plant by 2025 and for this an investment of Rs 10,440 crore is to be made.

what will be the benefit

Suzuki Motors, which has the largest market share in India, will help in increasing the production of electric vehicles in India. Where its direct benefit will be available in reducing India’s petroleum bill, as well as will help in reducing pollution level. Apart from this, Japanese companies taking advantage of the scheme of Performance Link Incentive for the automobile sector in India can make India the hub of their exports, which will directly mean that employment opportunities will also increase.

4. Soft Bank

who get- Masayoshi Sun, founder of SoftBank

what is the importance

SoftBank is the largest investor in the startup sector in India. Along with this, the company also invests in the field of energy and finance in India.

what will be the benefit

In the meeting between Prime Minister Modi and SoftBank chief where specific investment proposals were shared. Through these proposals, SoftBank will increase its investment participation in India. It will also help Indian startups to increase their presence in the Japanese market.

Apart from this, PM Modi held a meeting with the heads of more than 30 companies in just seven hours of reaching Japan. This also includes round table meetings with Japanese multinational companies. Most of these include companies that have a strong presence in India. The list also included organizations such as JETRO, Japan’s International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), Japan-India Business Consultative Committee (JIBC) and India’s Invest India.

The automobile sector had a significant presence in the companies with which the PM held a meeting. Japanese car companies included Nissan Motors, Toyota Corp., Yamaha Motors, Suzuki Motor Corp.. These are all those companies whose vehicles can be seen on the roads of India and whose business graph has also increased rapidly in the last few years. Japan’s banking sector also had a significant presence in the meeting with Modi. The heads of Japan’s Mizuho Bank, MUFG and JIBC Bank, Sumitomo Mitsui Bank were present. The heavy industry sector included multinational companies such as Kawasaki Heavy Industries, Mitsubishi Corporation, JFE Steel Corporation, Nippo Steel Corporation, Mitsui Corporation. Along with this, senior representatives of companies like Daikin and Fujitsu working in the field of industrial technology were also present in the meeting with PM Modi.

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