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INDIA AND JAPAN TO PLAY A VITAL ROLE IN SHAPING THE FUTURE OF ASIA KAMAL NATH
Date : 14 Dec 2006
Location : New Delhi
Shri Kamal Nath, Union Minister of Commerce & Industry, while addressing
the India Evening event in Tokyo today said that India and Japan will together
play a pivotal role in shaping the future of Asia. The Minister remarked
that both countries shared a common vision for the world and can be partners in
the growth of each other’s economy. He highlighted the strength of Indo-Japanese
economic relations and stated “the young and resurgent India has a lot to offer
to Japan”.
Shri Kamal Nath urged the Japanese investors to benefit from India’s
skilled manpower, low-cost and a healthy market growth, which would give
Japanese investors a competitive edge in the world market. On the other
hand, Japan offers to the Indian investors innovative technologies, world-class
communication amenities, highly reliable logistic infrastructure and other
investor-friendly facilities. “Over 70 Indian IT companies have already
established their offices in Japan. And I see that number growing in the
India-Japan friendship year”, the Minister said.
A number of steps have been taken by the two governments to improve bilateral
trade and economic relations. Trade between the two countries has increased
consistently. During 2005-06 exports from India to Japan were US $ 2459 million
and imports from Japan were US $ 3552 million and the corresponding figure for
2004-05 were – exports from India to Japan – US $ 2128 million and imports from
Japan US $ 3235 million.
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