12 December, New Delhi
Prime Minister Narendra Modi Saturday promised an open environment for high speed growth to Japanese businesses as his Japanese counterpart Shinzo Abe showered praise on the Indian premier for implementing economic policies with the ”speed of bullet trains”.
PM Narendra Modis economic policies are like Shinkansen high speed, safe and reliable and carrying many people along, said Abe referring to the world-famous bullet train service in Japan. A strong India is good for Japan and a strong Japan is good for India, he added. Abe made the remarks while addressing the Business Leaders Forum in New Delhi along with Modi.
In response, Modi said that a 12 billion dollar fund has been envisaged for the Make in India movement in Japan and emphasized that he wanted India and Japan to move ahead together, not just in the sphere of high-speed trains, but also for “high-speed growth.”
Modi said the economic analysis that has come from Japan is very encouraging. In India, also the growth indicators are very encouraging. We are a land of opportunities. Technology is our strength, he said.He added that for the first time, Japan will import Maruti Suzuki cars from India.
The Prime Minister Modi recalled his visit to Japan last year, and the commitment of 35 billion dollars of investment made by Japan. He said that the figure had surprised many at that time, but today, within a short time-span, “unimaginable progress” had been made, and the contours of this investment were beginning to get visible on the ground.
Abe, who is on a three-day visit to the country, met a galaxy of top India corporate leaders, from Sunil Bharti of Bharti Airtel, Chanda Kochhar of ICICI Bank, Natrajan Chandrasekaran of Tata Consultancy Services, among others.