'New Delhi, December 7, 2005. Mr. Kamal Nath, Commerce & Industry Minister met 25 member delegation from International Friendship Exchange Council (FEC) , Japan. The Commerce & Industry Minister mentioned about the close cooperation between India and Japan on various fronts like WTO, ODA and FDI. He invited Japanese investments in India. The delegation , which was led by Mr. Hiromichi Fujita, Chairman, Toppan Printing Co. Ltd. , Japan, reacted positively and the leader of the delegation mentioned that Japan recognises India to be the future economic super power. He mentioned that though at present Japanese investments in India are less , now there is a reckoning in Japan about India. Dr. Ajay Dua , Secretary, Industrial Policy & Promotion outlined India's economic scene and the FDI Policy.The delegates exchanged information on Special Economic Zone, taxation and sectoral FDI policies. The leader of the delegation mentioned that this is the fifth visit of the FEC delegation. In each visit, they have been able to conclude serious business.
 

The delegation consisted of members from organic and inorganic chemicals, IT, Food Processing and service sector. The prominent companies in the delegation include Ajinomoto, N.Y.K . Line, Japan Airlines, etc. For members list , please click here.