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PM Meets Japanese Businessmen To Boost Investment And Participation In India

PM Meets Japanese Businessmen To Boost Investment And Participation In India

Prime Minister Narendra Modi on Monday met Japanese business leaders like Osamu Suzuki, Senior Advisor, Suzuki Motor Corporation, Tadashi Yanai, Chairman, President and CEO, Fast Retailing and Nobuhiro Endo, Chairman, NEC Corporation in Tokyo to boost participation in India’s growth. 

During the meeting, the PM appreciated Suzuki for his transformational role of Suzuki Motors in the automotive industry of India. They appreciated that Suzuki Motor Gujarat and Maruti Suzuki India were among the applicants approved under the Production Linked Incentives (PLI) scheme in the automobile and auto component sector.

With Suzuki, Modi discussed further investment opportunities in India including setting up production facilities for electric vehicles and batteries as well recycling centres, for realizing the goal of sustainable growth. 

With Yanai, Modi discussed the rapidly growing textile and apparel market of India and investment opportunities under the Production Linked Incentive (PLI) scheme for textile projects in India. 

Both PM and Yanai discussed various reforms being undertaken to enable ease of doing business for foreign investors in India including in the areas of industrial development, infrastructure, taxation and labour.

Meanwhile, during a meeting with Endo, PM discussed various reforms being undertaken to enable ease of doing business in India including in industrial development, taxation and labour. They also discussed opportunities in India in new and emerging technologies.

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The Prime Minister invited these leaders to invest in India to enhance participation in India’s journey to becoming a hub for textiles, technologies and manufacturing sectors.


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