TOKYO: Prime Minister Narendra Modi on Monday courted top Japanese business leaders, including Masayoshi Son of SoftBank and Osamu Suzuki of Suzuki Motor Corp, to discuss investment opportunities India offers in sectors ranging from textiles to automobiles, emerging technologies and startups.
Modi, who arrived here on a two-day visit to attend a summit of the Quad leaders at the invitation of his Japanese counterpart Fumio Kishida, held separate bilateral meetings with Japanese business leaders.
He first met electronic giant NEC Corporation’s Chairman Nobuhiro Endo, followed by a meeting with Japanese clothing brand Uniqlo’s CEO Tadashi Yanai. This was followed by meetings with Son and Suzuki to discuss investment opportunities.
In his meeting with Endo, Modi appreciated NEC’s role in India’s telecommunication sector, especially in undertaking Chennai-Andaman and Nicobar Islands (CANI) and Kochi-Lakshadweep Islands (KLI) optical fibre cable projects, an official statement said.
He also highlighted investment opportunities under the Production Linked Incentive (PLI) scheme. “They 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,” the statement said.
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