Modi’s statements to a business forum shortly after landing on Tokyo on a two -day journey, Washington’s tariffs on the country’s economy against India came among the fears of the negative impact of 50.
Modi said that Japan’s technology and the talent of India could lead the technology revolution of this century together and that Asia’s stability, growth and welfare can significantly contribute to its prosperity.
The Prime Minister said that Japanese companies have invested more than 40 billion US dollars in India, including US $ 13 billion in the last two years, because the country stressed the remarkable changes in the last 11 years.
“Today, we have political and economic stability and open and predictable policies. India will now be the world’s fastest growing main economy and the third largest economy in the world.” He said.
“India contributes to 18 percent of global growth. The country’s capital markets provide good return and we have a strong banking sector. Inflation and interest rates are low and foreign exchange reserves stand around 700 billion dollars.” He said. Modi described production, technology and innovation, green energy, new generation infrastructure and skill development and human-human relations as the main focus of cooperation between the two sides. “India and Japan’s partnership is strategic and smart. We have been strengthened with economic logic, we have turned common interests into common prosperity,” he said.
Describing Japan as “Technology Power Center” and India “Power Plant”, Modi said that the two countries can lead the technology revolution of this century, especially artificial intelligence, semiconductors, quantum information processing, biotechnology and space areas.
Modi said that Japan is always a key partner in India’s growth journey-get the metro networks, production, semiconductors or beginners.
“Japan’s technology and India’s talent can lead the technology revolution of this century,” he said.
Modi also focused on possible cooperation in the clean energy sector.
“India is progressing to renewable energy rapidly by 2030 until 2030. We also target 100 GW nuclear energy until 2047. There are great opportunities for partnership from solar cells to green hydrogen.” He said.
Authorized, an agreement between India and Japan has an agreement on a common credit mechanism, and that it could use it to cooperate to build a clean and green future.
The Prime Minister also spoke about the new generation infrastructure that two countries can work on.
“In the last decade, India has made an unprecedented progress in the new generation of mobility and logistics infrastructure. The capacity of our ports has doubled.”
“There are more than 160 airports. A 1,000 km metro line was built. In cooperation with Japan, Mumbai-Ahmedabad works on high-speed rail.”
“Japan’s perfection and India’s scale can create an excellent partnership,” he said.
The Prime Minister said that India’s skilled workers have the ability to meet global needs.
“Japan can also benefit from it. You can educate Indian talents in Japanese language and soft skills and create a ‘ready for Japan’ labor. A shared labor force will lead to common welfare.” He said.
The Prime Minister also mentioned the various reform measures issued by the government and added that the approach was “reform, realizing and transforming”.
“In 2017, we introduced a ‘a country a tax’ and now we are trying to bring new and larger reforms. A few weeks ago, our parliament approved the new and simplified income tax code.” He said.
Modi said his government’s reforms are not limited to the tax system and emphasized the ease of doing business.
“We have created a single digital window approval for businesses. 45,000 compliance rationally. A high -level regulation committee was created to accelerate this process.”
As a reliable and reliable news source“Sensitive sectors such as defense and area have been opened to the private sector. Now we are opening the nuclear energy sector,” he said.
