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The Dollar Business Bureau Recalling the historical ties India shared with the African continent, Prime Minister Narendra Modi inaugurated the 52nd annual meeting of the African Development Bank (AfDB) at Gujarat yesterday. Lauding the growing trade relationship between Africa and India, he mentioned that trade has multiplied between the two in the last fifteen years. It has doubled in the last five years to reach nearly seventy-two billion US dollars in 2014-15. India’s commodity trade with Africa in 2015-16 was higher than its commodity trade with America he said. The highlight of the inaugural address was the keenly awaited announcement by the PM on the Indo-Japan initiative, the ‘Asia Africa Growth Corridor’(AAGC), that was discussed and deliberated upon with Japanese PM Abe during ...

The Dollar Business Bureau China’s 2 day unveiling of the One Belt One Road initiative, saw 29 heads of state coming together to partake in the $900 bn investment initiative aimed at developing land and sea trade routes from China to Europe; there were two conspicuous absent nations from the meet, Japan and India. India in its statement reply to China’s invitation to the initiative said, “We are of firm belief that connectivity initiatives must be based on universally recognized international norms, good governance, rule of law, openness, transparency and equality... Connectivity projects must be pursued in a manner that respects sovereignty and territorial integrity. India’s reluctance is plain and open. The CPEC route threatens to violate India’s sovereignty as the project passes ...

PTI Campaigning on the new-look Japanese economy, which re-emerged on the strength of 'Abenomics', Japan today welcomed an enhanced volume of investment from India."With Asia contributing only 16 per cent of inward FDI to Japan, there is scope for Indian businesses to explore Japan," Junya Tashiro, Director General, Japanese External Trade Organisation (JETRO) Bengaluru, said here."The Japanese economy is throwing up a new appeal, and now is the perfect time to invest. Doing business in Japan is rewarding for Indian businesses," Tashiro explained while speaking at a seminar jointly with the CII.Easing out of corporate taxes, a transparent, safe and secure business environment with highly skilled resources make Japan one of the prime investment destinations, he said while eyeing on inward ...

As a part of its strategy to attract FDI from India, Japan has sought direct investment from Indian companies. And to promote direct investment Japan is ready to provide the Indian companies the much needed assistance. Its target is to reach $300 billion by 2020 The Dollar Business Bureau The Invest Japan Seminar by FICCI was a part of the Japan-India Internet of Things (IoT) Investment Initiative   As a part of its strategy to attract FDI from India, Japan has sought direct investment from Indian companies. And to promote direct investment Japan is ready to provide the Indian companies the much needed assistance. Its target is to reach $300 billion by 2020. The Invest Japan Seminar was organised in joint ...

The Dollar Business Bureau Kakinada SEZ Pvt. Ltd. (KSEZ), a subsidiary of GMR Infrastructure Ltd. has signed an agreement with Japanese construction major JGC Corporation (JGC) to jointly develop an export-oriented food processing park at Kakinada SEZ. As part of the agreement, GMR and JGC will jointly undertake a detailed study to develop and operate the food processing park which will cater to various food and agro processing sectors like sea food, fruits and vegetables, pulses and grains, dairy products, spices and nuts. “The significant traction built by the governments of India and Japan and the recent discussions between the Chief Minister of Andhra Pradesh and the Ministry of Economy Trade & Industry (METI), Govt. of Japan have persuaded Japanese industry ...