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Prime Minister Narendra Modi met a high-powered delegation from ‘Keizai Doyukai’ (Japan) to discuss about deepening economic cooperation between India and Japan
Keizai Doyukai is the Japan Association of Corporate Executives. It is a Japanese professional organization of independent top executives. Founded in 1948, the group advocates on public policy issues related to the development of the Japanese economy in both a domestic and global context.
It was founded by 83 far-sighted business leaders, united by a common desire to contribute to reconstructing Japan’s economy. 78 years since then, DOYUKAI has solidified its leadership role in improving the Japanese economic community and in seeking solutions for numerous domestic issues and ensuring the overall well-being of Japanese society.
DOYUKAI membership comprises approximately 1,600 top executives of some 1,000 corporations, all sharing the common belief that corporate managers should be key players in formulating solutions of a broad range of political, economic, and social issues. Within DOYUKAI, each member sheds her/his corporate identity and participates as an individual, free to express opinions and ideas unconstrained by the interest of any specific company or industry. This feature distinguishes DOYUKAI from other business organizations, giving it a broad, long-term perspective and ensuring objectivity and clarity in the discussions of issues.
Thus, Prime Minister Narendra Modi met the delegation from Keizai Doyukai (Japan Association of Corporate Executives) led by Mr. Takeshi Niinami, Chairperson of Keizai Doyukai, and 20 other Business delegates to hear their views and ideas to deepen economic cooperation between India and Japan at 7 Lok Kalyan Marg.
The discussions covered strengthening bilateral trade, enhancing investment opportunities, and fostering collaboration in key sectors such as Agriculture, Marine Products, Space, Defense, Insurance, Technology, Infrastructure, Civil aviation, Clean energy, Nuclear Energy and MSME partnership.
PM Modi highlighted India-Japan Special Strategic and Global Partnership and reaffirmed India’s determination to provide a business-friendly environment. He highlighted the Japan Plus system developed in India, to facilitate and fast-track Japanese investments in India. He further emphasized that there should be no ambiguity or hesitation for investors. India’s governance is policy-driven, and the government is committed to ensuring a transparent and predictable environment.
P M Modi spoke about the immense scale of growth of aviation sector in the country. He also mentioned that India is also working towards building significant infrastructure, including the construction of new airports and the expansion of logistics capabilities.
Prime Minister said that given India’s vast diversity, the country will play a major role in the AI landscape. He emphasized the importance of collaboration with those involved in AI, encouraging them to partner with India. He also highlighted that India is making significant strides in the field of green energy, having launched a mission focused on biofuels. He said that the agricultural sector, in particular, stands to benefit from biofuels as an important value addition.
Prime Minister talked about opening up of insurance sector and about ever widening opportunities in cutting edge sectors in space and nuclear energy.
The Keizai Doyukai delegation, comprising senior business leaders from Japan, shared their plans for India. They also expressed interest in exploiting complementarities between India and Japan in human resource and skill development. Both sides expressed optimism about future collaborations and looked forward to deepening business and investment ties in the years ahead.
Niinami Takeshi, Representative Director, President & CEO, Suntory Holdings Ltd appreciated the thriving relations between India and Japan. He shared that he sees huge opportunity for Japan to invest in India. He emphasized on the vision of PM Modi of Make in India, Make for the World.
Tanakaa Shigehiro, Corporate Senior Executive Vice President and Chief Government Affairs Officer, NEC Corporation remarked that PM Modi explained very clearly his vision and expectations from Japanese industry to invest in India.
PM also shared that India’s youth, skilled workforce, and low-cost labor make it an attractive destination for manufacturing. Given India’s vast diversity, the country will play a major role in the AI landscape. The delegation expressed support and commitment to the vision of Viksit Bharat @2047. The meeting underscored Japanese business’ support and commitment to the vision for Viksit Bharat @2047 in a meaningful and mutually beneficial manner.
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