Signalling a massive dose of FDI in
manufacturing, Prime Minister Narendra Modi today said $100 billion
worth of foreign investments is headed India’s way and it is up to the
states to take advantage of the inflow.
"$100 billion investments from Japan, China and America have applied for visa. Now it is turn of the states to capitalise on the opportunity. The roads are wide open. The states which are ready can walk away with major share," he said while inaugurating the Global Investors' Summit in Indore.
The Prime Minister added that the Centre would stand shoulder to shoulder with all states, irrespective of political affiliation of the state government, to facilitate investment and economic growth.
Following the announcement by the Prime Minister on his Japan visit, the Department of Industrial Policy & Promotion (DIPP) today announced it has set up a special management team to facilitate and fast track investment proposals from Japan. The team, known as “Japan Plus”, will comprise representatives from the government and METI (Ministry of Economy, Trade and Industry) and Government of Japan.
An outcome of the recently concluded visit of the Prime Minister of India to Japan, the mandate of the “Japan Plus” team runs through the entire spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare.
The team will support the Government of India in initiating, attracting, facilitating, fast tracking and handholding Japanese investments across sectors. The team will also be responsible for providing updated information on investment opportunities across sectors, in specific projects and in industrial corridors in particular. In addition, the “Japan Plus” team will identify prospective Japanese companies, including, Small and Medium Enterprises (SMEs) and facilitate their investments in India.
The government has also constituted a core group chaired by Cabinet Secretary on India-Japan Investment Promotion Partnership.
During the recent visit of the Prime Minister to Japan, the India–Japan Investment Promotion Partnership, as part of the Tokyo Declaration for India – Japan Special Strategic and Global Partnership was announced. Under this Investment Promotion Partnership, Japan has offered to invest in India approximately 3.5 trillion Yen ($33.5 billion) by way of public and private investment and financing, including Overseas Development Assistance, over the next five years.
"$100 billion investments from Japan, China and America have applied for visa. Now it is turn of the states to capitalise on the opportunity. The roads are wide open. The states which are ready can walk away with major share," he said while inaugurating the Global Investors' Summit in Indore.
The Prime Minister added that the Centre would stand shoulder to shoulder with all states, irrespective of political affiliation of the state government, to facilitate investment and economic growth.
Following the announcement by the Prime Minister on his Japan visit, the Department of Industrial Policy & Promotion (DIPP) today announced it has set up a special management team to facilitate and fast track investment proposals from Japan. The team, known as “Japan Plus”, will comprise representatives from the government and METI (Ministry of Economy, Trade and Industry) and Government of Japan.
An outcome of the recently concluded visit of the Prime Minister of India to Japan, the mandate of the “Japan Plus” team runs through the entire spectrum of investment promotion – research, outreach, promotion, facilitation and aftercare.
The team will support the Government of India in initiating, attracting, facilitating, fast tracking and handholding Japanese investments across sectors. The team will also be responsible for providing updated information on investment opportunities across sectors, in specific projects and in industrial corridors in particular. In addition, the “Japan Plus” team will identify prospective Japanese companies, including, Small and Medium Enterprises (SMEs) and facilitate their investments in India.
The government has also constituted a core group chaired by Cabinet Secretary on India-Japan Investment Promotion Partnership.
During the recent visit of the Prime Minister to Japan, the India–Japan Investment Promotion Partnership, as part of the Tokyo Declaration for India – Japan Special Strategic and Global Partnership was announced. Under this Investment Promotion Partnership, Japan has offered to invest in India approximately 3.5 trillion Yen ($33.5 billion) by way of public and private investment and financing, including Overseas Development Assistance, over the next five years.
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