New Delhi [India], July 6 (ANI): Stating that India and Japan as international locations share elementary values, former Prime Minister of Japan Yoshihide Suga has stated that it is very important deepen cooperation between the 2 international locations as particular strategic international companions.
Suga is presently on a go to to India.
Addressing the FICCI occasion, former Japan PM Suga stated that he will probably be completely satisfied to get ideas on how the Members of Parliament from each international locations can work collectively to enhance bilateral commerce and enterprise alternatives.
Suga expressed hope that the delegation of the ‘Ganesha’ Group of MPs from Japan, visiting India will give additional momentum to the India-Japan relationship and can function a possibility to additional strengthen the enterprise engagements.
Sushil Kumar Modi, Rajya Sabha member and Chair of FICCI India-Japan Forum of Parliamentarians stated, “Japan is the 5th largest FDI investor in India and between April 2000 to September 2022, we received FDI equity inflows worth USD 38.12 billion which is 6 per cent of the total inflows received.”The yr 2022 marked the seventieth anniversary of the institution of diplomatic relations between Japan and India.
Emphasizing on the potential of Indian start-ups, the Rajya Sabha said that Japan ranks fifth in investing in Indian start-ups with a complete funding of USD 50 billion obtained over the past 5 years and funded 165 Indian start-ups by enterprise capital and personal fairness funding.
“Key Japanese companies have today become household names in India. The relationship between India and Japan is strengthening with investments in the Mumbai Bullet train project, Make in India project along with various investments at the state level as well,” he added. (ANI)