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The Dollar Business Bureau Japan on Thursday laid strong emphasis on varied avenues of the bilateral trade between India and Japan. “The two Prime Ministers resolved to transform the Japan-India Special Strategic and Global Partnership into a deep, broad-based and action-oriented one reflecting a broad convergence of their long-term political, economic and strategic goals,” said Masayuki Taga, Consul General of Japan in Kolkata. “This has indicated a broad convergence of long standing economic, political and strategic objectives between the two nations,” Taga said while addressing a session, organised by the Calcutta Chamber of Commerce. The Diplomat said that this is evident that the relations between Japan and India have significantly improved and strengthened in almost all the fields. Due to this, Japan has now ...

The Dollar Business Bureau India and Japan have come together in a major way for developing strategic and civilian infrastructure in Andaman & Nicobar Islands and abroad that can distinctively benefit Singapore, said a leading Indian researcher. Rupakjyoti Borah, visiting research fellow at National University of Singapore (NUS), said that India-Japan partnership offers business opportunities to Singapore’s infrastructure companies that are ‘too good to miss’. He further said Singaporean companies could collaborate with firms in India and Japan, not just for building, but also maintaining the infrastructure projects. “A notable area could be the port (sector) as Singapore has rich expertise in this area,” Borah said, while speaking at the Institute of South Asian Studies in Singapore. Borah further said that being a major energy ...

The Dollar Business Bureau Amidst increasing tensions in the Asian region, India and Japan are having discussions to strengthen military partnership. Arun Jaitley, Defence Minister of India conveyed to the Japan’s Defence Minister, Tomomi Inada, on Monday that India hopes to follow a strategic cooperation with Japan for stability and peace in the region. Jaitley’s visit to Tokyo comes at a time when tensions are rising in the region that includes territorial conflict in the South China Sea and threats of missile and nuclear threats from North Korea. The Indian Defence Minister welcomed a trilateral naval exercise planned with India, Japan and the US in July as a way to strengthen cooperation in the Asia-Pacific region. “This is all reflective of the level of cooperation ...

The Dollar Business Bureau Nirmala Sitharaman, in her address to a gathering of 250 delegates at the India Investment Seminar in Tokyo, invited Japanese investors with open arms to invest in India. The event was organised by Japan External Trade Organisation (JETRO). Driving away focus from export gains achieved by currency depreciation, she said that infrastructure would be a key driver of exports for India. With the rampant promotion of the 'Make in India' campaign, the Centre hopes to increase the share of manufacturing in India's GDP to 25% by 2025. The GDP itself is forecasted to reach $20 trillion in Purchasing Power Parity terms. The Commerce Minister spoke extensively about initiation of multiple reforms by the government to boost investment in the manufacturing sector. She also appreciated the contribution of Japanese corporations in ...

The Dollar Business Bureau India is keen to increase the manufacturing sector's contribution to gross domestic product (GDP) to 25%, Commerce Minister Nirmala Sitharaman, said while adding that Japan is a natural partner in India's goals.The Minister was speaking at the India conference held in Nagoya city in Japan’s Aichi Prefecture.She commended the Aichi Prefecture contribution towards value addition in manufacturing in spite of high savings rate in the Prefectures in the country.It was also discussed at the event that India could learn from Aichi Prefecture on how to increase growth in manufacturing along with savings.Sitharaman acknowledged the growth in the foreign direct investment (FDI) from Japan to India in the past few years. Though Japan is the third largest investor in ...

The Dollar Business Bureau Praising Japan’s increasing role in India’s economic transformation and development, Commerce and Industry Minister Nirmala Sitharaman said Japan and India have been taking adequate measures to implement issues related to the Comprehensive Economic Partnership Agreement (CEPA) and to improve bilateral trade as well as trade balance with Japan. Speaking at a seminar on promoting India’s exports to Japan under India-Japan CEPA, Sitharaman said India - Japan partnership has expanded over the past few years and now the identified complementarities are being harnessed through trade and investments to our mutual advantage. Since CEPA between India and Japan was implemented on August 1, 2011, India’s bilateral trade with Japan has gone up to $14.5 billion in 2016 from $10.4 billion pre-CEPA in 2010. However, India’s ...

The Dollar Business Bureau The Social Security Agreement (SSA) that has been signed between India and Japan in Tokyo on November 16, 2012 will come into force with effect from this October, the Ministry of External Affairs said in a statement on Wednesday. According to the Agreement the SSA between India and Japan will improve the profitability of both Indian and Japanese companies. This agreement would benefit many skilled workers from India and Japan working in either of the countries and also attract more Japanese firms to invest in India. The SSA would prevent making double social security contributions. It would exempt the Indian workers who are on a short term contract in Japan, from making social security contribution there, if they are ...

PTI Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top USD 10 billion in 5-10 years. SoftBank, which owns one of Japan's biggest mobile carriers and a controlling stake in US-based Sprint Corp, will make its first USD 350 million investment in a solar project in India, its Chief Executive Masayoshi Son told PTI here. "We have already invested USD 2 billion and we are interested in investing more," he said. "India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments." Son said SoftBank is looking at accelerating the pace ...