USD 3 Billion Investment from Japan to support 'Make in India'

apan has planned to invest USD 3 billion in India in the immediate future in pursuance of the shared commitment of both the country’s leader to enhance Japanese investments in India, especially in support of Prime Minister's ‘Make in India’ mission.

Japanese Minister of Economy, Trade and Industry Yoichi Miyazawa on Wednesday conveyed to the Prime Minister Narendra Modi that he had come with a delegation of top business leaders. He also proposed a new Joint Working Group between Ministry of External Affairs of India and METI of Japan on civil nuclear energy cooperation.

He expressed happiness with the working of the fast track mechanism for India-Japan Collaboration - Japan Plus and underlined his government's support for further strengthening it.

Thanking Miyazawa for bringing a strong business delegation to India, Modi reiterated that relation with Japan is a top priority for his government.

He said Japan is a partner of preference for India's economic development and his government will continue to take steps to further facilitate and accelerate Japanese investments in India.

Minister also suggested that India and Japan should work out a special long term arrangement for financing infrastructure and industry in India, consistent with the strategic partnership and India's enormous economic opportunities.