Japan PM meets India Inc chiefs,eyes greater trade

Gujarat Chief Minister Narendra Modi also met the visiting dignitary and discussed various issues including the Delhi-Mumbai Industrial Corridor project,a large area of which passes through the territory of Gujarat.

The Japanese Prime Minister called for concrete steps to enhance and strengthen the bilateral trade between both nations. Besides,he also asked for a closer cooperation in the areas of nuclear energy,R&D and infrastructure projects, Hajara who attended the meeting today said.

Noting that Japanese investment in India was still much lower than that in China,Hatoyama said there was vast scope for infusing larger resources into sectors of potential growth,primarily infrastructure. In 2008-09,the Indo-Japan bilateral trade stood at around $12 billion and is expected to grow further by the next year.

The closed-door meeting between Hatoyama and Tata came in the backdrop of healthy market response to the recently-launched joint venture between Tata Teleservices and Japanese telecom giant NTT DOCOMO.

Hatoyama on Sunday paid homage to the victims of the 26/11 terror attacks at Hotel Taj and Trident,the two luxury hotels which were targeted last year by terrorists in Mumbai.

Hatoyama pitched for intensifying bilateral trade with India,particularly in infrastructure and technology,during his meetings with India Inc.

With PTI