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'New
Delhi, December 6, 2005. Mr. Kamal Nath , Commerce &
Industry Minister met a 15 member business delegation
from Kansai province of Japan. The Kansai province is
one of the most industrialised regions in Japan with
substantial economic links with India. Mr. Masayuki
Matsushita , Vice Chairman, Matsushita Electric
Industrial Company Ltd., Japan was the leader of the
delegation. The delegation expressed strong interest in
the Indian economy. Detailed discussions were held on
the subject of Indian economy, Indo Japan Investment
Cooperation and the outcome of Joint Study Group leading
to Economic Partnership Agreement with Japan. The
delegation expressed their preference for sharp
reduction in tariffs and clear definition of country of
origin in the EPA. The Ambassador of Japan to India and
the delegates expressed their desire to strrengthen
working relationship with the Japan Cell set up in the
Ministry for facilitating Japanese investment. The
Commerce & Industry Minister invited Japanese
investments in infrastructure and other sectors. Dr.
Ajay Dua, Secretary, Industrial Policy & Promotion
presented the current scene on FDI Policy and Indian
economy.Shri R. Khullar, Additional Secretary,
Department of Commerce informed the delegates about the
progress made in the Joint Study Group. Agreeing with
the delegates, he hoped for early conclusion of the EPA.
He also listed India's economic engagement in bilateral
agreements with other countries.
The
delegates represented a wide cross section of Industry
and service including electrical and electronics,
trading, air port, banks, chemicals, etc. The major
companies represented in the delegation include
Matsushita, Sumitomo, Sanyo, Marubani, Kansai Airport,
Mitsubishi, Japan Bank for International Cooperation,
Matsushita, Itochu. For delegate
list, please click here.' |