India-Japan Sign Action Agenda To Increase Bilateral Trade , Investment

30 April, New Delhi

India and Japan Thursday signed a five-point action agenda to increase bilateral trade and investment between the two nations.

The five-point agenda includes development of selected townships in India as Japanese industrial townships, promotion of investment and infrastructure development, further development and cooperation in IT sector, enhancing cooperation in strategic sectors and Asia-Pacific economic integration.

The action agenda was signed between Japan’s Minister for Economy, Trade and Industry Yoichi Miyazawa and Commerce and Industry Minister Nirmala Sitharaman.

Speaking on the occasion, Miyazawa said that the agenda is in line with the realisation of Prime Minister Narendra Modi’s Make in India campaign and it will help both the countries to strengthen economic ties.

He said, the agendas are absolutely indispensable in furthering the trade relations.
Commerce and Industry Minister Nirmala Sitharaman said that she believe that agreements in these agendas are a historic milestone in the economic relations between India and Japan.

She expressed hope that India and Japan can move as one and both countries will take action and make progress in these areas. Ms Sitharaman said that useful dialogue held on trade and investment related issues at both the government and private sector level.

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