Prime Minister Narendra Modi on Thursday said that his dream of seeing a “mini Japan” in his home state has come true and batted for more economic cooperation with the country. He was addressing the India-Japan Business Leaders Forum at Gandhinagar on Thursday.
“When I first visited Japan as chief minister of Gujarat, I had said that want to see a mini Japan in Gujarat. Today, that dream has come true. I am happy to see so many friends from Japan happily living and doing business in Gujarat,” he said.
Modi said that Gujarat’s industry and government still cherish the fact that Japan became the first partner country of the ‘Vibrant Gujarat’ event.
“From the activities launched today, you can see the depth of relationship between the two countries,” he said, listing out initiatives like the high speed rail project, development of Japanese industrial townships, cooperation in automobiles, and human resource development through the Japan-India Institutes of Manufacturing.
Modi said Japan can benefit “tremendously with the size and scale of our potentials and skilled hands that India offers”.
“To allow entry of capital and technology, we have worked hard on opening our economy. Every day we are making it easier to invest and do business in India. We have already resolved a number of regulatory and policy issues facing the businesses and companies,” he said.
{{/usCountry}}“To allow entry of capital and technology, we have worked hard on opening our economy. Every day we are making it easier to invest and do business in India. We have already resolved a number of regulatory and policy issues facing the businesses and companies,” he said.
{{/usCountry}}Modi said that India has one of the most liberal FDI regimes and more than 90% of FDI approvals have been put on the automatic route.