FM lures Japanese investors in roadshow

Promoting India as an investment destination in a roadshow in Japan , sources told CNBC-TV18 that the finance minister P Chidambaram has reached out to large investors like Sumitomo Mitsui and Nippon Life, among others.

Chidambaram also met the Japanese prime minister and the governor of the Bank of Japan during this visit. 


Sources said that Japanese investors are in wait-and-watch mode when it comes to investing in India. They are awaiting clarity on the reforms process, the macro economy and more action in deepening bond markets. 

Interacting with some Japanese investors on Monday, Chidambaram admitted that fiscal deficit and inflation were big challenges for the Indian economy.

However, he stressed on the fact that the Indian government was tackling these challenges seriously and that India was still a favoured destination for foreign investors.