India invites Japanese SMEs to invest
Govt invites Japanese companies to invest in India for enhancing economic cooperation between the two countries.india Updated: May 03, 2006 18:19 IST
The government on Wednesday invited Japanese companies, particularly Small and Medium Enterprises, to invest in India for enhancing economic cooperation between the two countries.
Japanese SMEs investing in India would receive the highest priority from the Indian government, Commerce Minister Kamal Nath said during an interaction with a delegation of Japanese SMEs.
The 35-member delegation was led by Koichi Minaguchi, President, Japan Finance Corporation for Small and Medium Enterprises, an official release said.
Nath also invited Japanese companies to invest in setting up of industrial zones and using India as a manufacturing hub for investment not only in India but in the region as a whole.
The Japan Finance Corporation for SMEs could also consider setting up an office in New Delhi to provide business information, Nath said while underlining the huge investment opportunities that had emerged in the Indian economy.
First Published: May 03, 2006 18:19 IST