Quad Summit: Japan
Narendra Modi, Prime Minister of India, visited Tokyo, Japan, for the quad summit, a strategic dialogue between Australia, India, Japan and the United States of America (USA). Deepak Bagla, Managing Director (MD) and Chief Executive Officer (CEO), Invest India, part of the official delegation, accompanied the Prime Minister (PM).
The PM met with key Japanese companies, including Fast Retailing, NEC (Nippon Electric Company) Corporation, Softbank Corporation and Suzuki Motor Corporation.
The PM also chaired a business roundtable with 34 Japanese companies and key industry and economic bodies. The companies represented various sectors, including automobiles and auto components, electronics, steel, banking and financial services, and chemicals. Key business and industry bodies such as Keidanren, Japan External Trade Organization (JETRO), Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), Japan-India Business Consultative Committee (JIBCC), and Invest India also participated in the roundtable.
The roundtable was hosted at the backdrop of the India Japan Annual Summit meeting between the prime ministers of India and Japan, where a new target of 5 trillion Yen (~$ 42 Bn) of public and private investment from Japan to India was set over the next five years.
Invest India supported the visit with key deliverables for PM’s 1-on-1 meetings with companies and the business roundtable, including insights on companies’ India expansion plans, issues being faced in India, and potential collaboration between India and Japan in focus sectors.