logo
 
New Delhi: Finance Minister Nirmala Sitharaman met the Governor of Japan Bank for International Cooperation (JBIC), Hayashi Nobumitsu in New Delhi yesterday. They exchanged views on JBIC’s recent activities in India contributing towards Japan’s investment target of five trillion yen over the next five years. 

During the meeting, Ms Sitharaman observed that India has been ranked by the JBIC as one of the most attractive investment destinations in recent years’ survey of Japanese manufacturing companies. She encouraged the engagement of JBIC with Indian financial institutions such as Exim Bank, NIIF and lending banks to leverage the strength and complementarities of both countries.
 
The Finance Minister spoke



about the PM Gati Shakti initiative and other enabling policies developed in the Blue Economy sector. She urged JBIC to bring in investment to India for the processing of marine food products, logistics, and transportation development, and also in emerging sectors like artificial intelligence, Hydrogen-based energy, and Semiconductors.
 
The JBIC Governor appreciated the initiatives of the Government towards facilitating investment through various instruments like PLI schemes and the National Infrastructure Pipeline, besides GST reforms. Mr. Nobumitsu stated that JBIC is also looking forward to exploring more opportunities for mutually beneficial engagements between the two countries.




No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think there should be a retirement age in politics?

Yes
No
Can't Say