In today's class professor Ashwin was discussing about the financial institutions funding infrastructure projects , of which Japanese investment in India was discussed. I have come across this article which tells about Japan investments increasing in India, almost treble and that certainly is going to pace the existing and the incomplete projects to completion. Article speaks specifically about energy sector apart from the Delhi-Mumbai Industrial Corridor .
Heres the entire article :
source : http://timesofindia.indiatimes.com/India/Japan_looks_to_treble_trade_with_India/rssarticleshow/2301509.cms
where Buddhism remains the most famous import from India, aims to treble trade with the sub-continent nation to USD 20 billion by 2010 for which it has sought early conclusion of an economic partnership pact.
Addressing MPs in Parliament, Japanese Prime Minister Shinzo Abe favoured signing of the Economic Partnership Agreement (EPA) soon to firm up relations and raise volume of bilateral trade three-fold. Trade between the two countries in 2006 was about USD 6.5 billion.
"I likewise urge the Indian side to give their support to enable the early conclusion of this high quality agreement," he said on the second day of his three day visit to the country.
He said bilateral relations are blessed with the "largest potential" for development, adding that a strong India is in the best interest of Japan and a strong Japan is in the best interest of India.
Outlining various fields in which the two countries can cooperate closely, he promised to help India in the field of energy by providing technology. But, he did not mention nuclear power.
Japan, which has been one of largest economic assistance providers to India through ODA, also wants to partner India in mega projects like the Delhi-Mumbai industrial corridor being funded by it now.
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Remember our discussion on export credit agencies? JBIC might be one of the organizations that will help channel Japanese funding. You can research them on the web to figure out more about this.
the following article also discusses why India and Japan are moving closer , towards the end also readers posted their views from which we can get an ideas of pros and cons of investments made by Japan in India.
http://in.rediff.com/news/2007/aug/23guest.htm
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