SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

India.Japan.9.Thmb.jpg India offers red carpet, not red tape, Modi hard sells India

PM India Japan
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 03 Sep, 2014
Prime Minister Narendra Modi Tuesday hard sold India to Japanese investors saying that his country offers only a red carpet and not red tape while dubbing his five-day trip to Japan that ends Wednesday as “very successful”.

"I've come to assure you there is no red tape but only red carpet that awaits you in India," he said while delivering the keynote address in a seminar at the Tokyo Stock Exchange, co-hosted by Japan External Trade Organisation (Jetro).

Modi said India was also the only place where the Japanese industry would pleasantly find all the three 'Ds' - democracy, demography and demand.

"I have come here to assure you that if you have to look anywhere outside Japan, you do not need to look here or there," he said, adding: "We particularly want to encourage and invite small and medium enterprises, as also small-scale industries."

The prime minister said India now has a government that is working on development and wants to step up manufacturing. He said he wished for India what he himself experienced when he was young when he did not have to think twice if a product said "Made in Japan".

According to the organisers, as many as 4,000 people had evinced interest in attending the event at a venue that could accommodate only 2,000.

Later, speaking at a reception hosted by the Japan-India Association and the Japan-India Parliamentary Friendship League, the prime minister said India and Japan were now working as "special strategic and global" partners.

Modi suggested expanding links between people's representatives by creating a Young Parliamentary Association and a Women's Parliamentary Association.

"If we have a Young Parliamentary Association, it can represent the thought and ideology of the new generation. There can also be an arrangement for the women parliamentary members of the two countries to meet and share ideas," he said.

The prime minister said there was an unwritten spiritual connection between the two countries, adding that there was growing interest among the Japanese to learn Hindi and yoga.

In the evening, while inaugurating a Vivekananda Cultural Centre in the Japanese capital, he told the India community that had gathered for the event that India and Japan's friendship would determine the course of the 21st century.

"There is no doubt that the 21st century belongs to Asia. But India and Japan's friendship will determine how it will actually look like," Modi said.

"The state and direction of the 21st century will depend on the direction in which Japan and India try to take the world," he said.

There are around 23,000 Indians in Japan.

Terming his Japan visit as "very successful", Modi said it was for the first time that the word trillion was in news.

"So far we would hear only about millions and billions. Now we are hearing about trillions," Modi said, hinting at Japan's offer of investment of 3.5 trillion yen (Rs.2.03 trillion) to India in the next five years.

Modi started the penultimate day of his five-day trip to Japan by visiting the University of the Sacred Heart where he said that India was committed to peace and this commitment has "significance far above any international treaties or processes".

"Commitment to peace and non-violence is ingrained in the DNA of the Indian society... This commitment to peace that was intrinsic to Indian society, has significance far above any international treaties or processes," Modi said while responding to a question on how India could enhance the confidence of the international community as a non-NPT (Non-Proliferation Treaty) state.

Another highlight of Modi's programme Tuesday was when he called on Japanese Emperor Akihito during which he gave the latter a copy of the Gita.

Modi also kicked off a new initiative on training for Japanese youth started by Tata Consultancy Services (TCS) at its various facilities in India, asking them to return to Japan as India's ambassadors.

“You are going as employees of TCS. But I want you to come back to Japan as ambassadors of India,” Modi told the first batch of 48 trainees who will proceed to India to undergo training for six-eight weeks at various TCS offices.

Modi arrived in Kyoto Saturday on the first leg of his Japan visit. Japanese Prime Minister Prime Minister Shinzo Abe came down to Japan's former capital to personally receive his Indian counterpart.

The two leaders Sunday signed the Tokyo Declaration in which the two sides pledged to advance peace, stability and prosperity in Asia and the world, and elevate the India-Japan relationship to a special strategic and global partnership.

Modi will leave for India Wednesday.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter