AMN /
India and Japan today signed a landmark agreement for peaceful use of nuclear energy, the agreement was signed after delegation level talks between Prime Minister Narendra Modi and his Japanese counterpart Shizo Abe in Tokyo.
In a press statement, Mr. Modi described the agreement as a historic step in Indo-Japan engagement to build a clean energy partnership. He said deeper economic engagement, growth of trade, manufacturing and investment ties, focus on clean energy, cooperation on infrastructure and skill development are key areas of priorities. He said frequency of engagement reflects drive depth and dynamism of bilateral ties.
Mr. Modi said engagement and agreement on cooperation in financial sector will help India in accessing greater resources for infrastructure development. He said dialogue between the two countries on training and skill development is an important aspect of bilateral economic partnership.
On terrorism, Mr Modi said India and Japan are united in their resolve to combat the menace, especially cross-border terrorism.
Earlier addressing the Japanese Federation of business and industry in Tokyo today, Mr Modi said, India is pursuing a new direction of economic reforms and he wants to make it the most open economy in the world. The Prime Minister said, India has enacted a new legislation on goods and services tax. It has also passed insolvency and bankruptcy code to make it easier for investors to make an exit. Mr Modi said, Commercial courts and commercial divisions are being set up for speedy disposal of commercial matters.
He said, arbitration law has been amended to make arbitration proceedings faster. He said, FDI rules have been further relaxed and India has become one of the top ten FDI destinations in the world. Mr. Modi said, ease of doing business has substantially improved. He said, during the last 2 years India has attracted 55 billion dollars investment which is the highest so far.
The Prime Minister invited Japanese businessmen to join hands and march forward and explore bigger potentials and brighter prospects. He sought the greater involvement of Japan in mega projects like dedicated freight corridor, industrial corridors and Metro rail saying India needs speed, scale and skill and Japan can help it out to a great extent. He said, his government is committed to further revise the rules and regulations to create conducive environment for doing business in India.
The Prime Minister called on Japanese Emperor Akihito in Tokyo this morning. Mr Modi and Emperor Akihito discussed on the common bonds between India and Japan and the future of Asia.
Mr. Modi reached Tokyo last night on a three day visit to Japan. India Japan economic relations have a vast potential in view of good cooperation between the two Asian economies.
PHOTO- pib