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METI Signed a Joint Statement Concerning Japan-India Cooperation in Infrastructure Development and Investment Promotion- Meeting between METI Minister Motegi and Minister Sharma, Ministry of Commerce and Industry of India -

On May 17, 2013, Mr. Toshimitsu Motegi, Minister of Economy, Trade and Industry, had a meeting in Tokyo with Mr. Anand Sharma, Minister of Commerce and Industry of India. At the meeting, both sides agreed to cooperate in advancing the following projects: [i] Delhi-Mumbai Industrial Corridor (DMIC); [ii] Chennai-Bengaluru Industrial Corridor (CBIC); and [iii] Japan-India Investment Promotion. They also signed a joint statement.

Outline

On May 17, 2013, Minister Motegi had a meeting with Minister Sharma, who visited Japan to invite Japanese enterprises to invest in India.

At the meeting, concerning DIMC and CBIC, both sides agreed to strengthen their efforts to advance the two projects more specifically in the future, while recognizing the progress made in the previous work in the projects.

Furthermore, both ministers also agreed that both sides will support new initiatives designed for strengthening their business partnership and improving their business environments in order to develop the Japan-India investment promotion in partnership with state governments. To achieve this goal, they agreed that both sides will deepen related discussions on concrete measures for the promotion.

Following the meeting, both ministers signed a joint statement based on these agreements.

References

Release Date

May 21, 2013

Division in Charge

Southwest Asia Office, Trade Policy Bureau

 
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Ministry of Economy, Trade and Industry
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