Close X
Friday, September 27, 2024
ADVT 
Health

Special team in PMO will fast-track Japanese investment: Modi

Darpan News Desk IANS, 01 Sep, 2014 07:51 AM
    Assuring the same quick reaction and proactive response a Japanese investor accorded when he was chief minister of Gujarat, Prime Minister Narendra Modi Monday announced a special team in his office to fast-track investments from Japan.
     
    "In the coming days you'll get the same speed and response that you have experienced in Gujarat in the past," Modi told a luncheon hosted by Nippon Kiedanren -- the Japanese Chamber of Commerce and Industry, and the Japan-India Business Cooperation Committee.
     
    He, accordingly, announced a dedicated special management team directly under the Prime Minister's Office and said: "Two nominees selected by Japan will also be part of this decision-making team, which will evaluate the business proposals."
     
    Modi told the luncheon, which included Who's Who of the business fraternity of Japan and India, that he had the greatest connect, perhaps, with Japanese businesses, adding the two countries must partner not just for bilateral gains, but for Asia and the world. 
     
    He said his association with the Japanese industry had made him recognise the importance of good governance, ease of doing business and simplification of policies and assured them a policy-driven decision environment at the federal level to eliminate delays.
     
    Exhorting Japanese businesses to continue investing in India, the prime minister said the two countries must also show the way of the Buddha to the world, and act as a force for development. 
     
    He noted that the 21st century will be Asia's century, but wondered how it would look like? He said that for meeting the aspirations of people in this century, India and Japan had a big role to play. 
     
    Modi, who completes 100 days in office Tuesday, also said he had already initiated moves to introduce the Japanese principles of management in the Prime Miniser's Office, adding India must follow the Japanese model for skill development.
     
    Stating that 65 percent of India's population was young, he also sought Japan's help for skill development in India and said: "In 2020, when the world needs a workforce, we are preparing for it from now itself, so that we can match the global workforce."
     
    India being a youthful nation, his government, he said, was giving importance to skill development to the millions of youth aspiring to enter the job market -- be it in terms of quality and the ability to make zero-defect products, or discipline.
     
    "You can really help us with this."
     
    Overall, he also highlighted the initiatives taken by his government during the first 100 days in office and said moves to ease foreign direct investment rules were widely appreciated. 
     
    Modi also said the Indian economy's growth of 5.7 percent in the first quarter of 2014-15 had a huge positive sentiment. 
     
    Going ahead, he said, the clear electoral mandates received by the governments of the two countries, led by him and his host and Japanese premier Shinzo Abe, had given the much political stability that would also deliver a strong push to bilateral ties.

    MORE Health ARTICLES

    Junk blood tests may reveal resistant skin bacteria

    Junk blood tests may reveal resistant skin bacteria
    Instead of trashing contaminated positive blood samples in hospitals, these can be used for studying the presence of skin germs, a study suggests....

    Junk blood tests may reveal resistant skin bacteria

    Experimental Ebola drug cures infected monkeys

    Experimental Ebola drug cures infected monkeys
    In what appears to provide new hope for people infected with the deadly Ebola virus, scientists have successfully treated all the Ebola infected monkeys...

    Experimental Ebola drug cures infected monkeys

    Beware! Cigarette substitutes bad for bones

    Beware! Cigarette substitutes bad for bones
    Are you trying e-cigarettes or other nicotine replacement therapies to overcome addiction to cigarette smoking? Be warned, as they are not...

    Beware! Cigarette substitutes bad for bones

    Electric currents may boost memory

    Electric currents may boost memory
    Electric currents could be the key to treating memory impairments caused by conditions such as stroke, early-stage Alzheimer's disease...

    Electric currents may boost memory

    Girl-gang members at greater risk of unprotected sex

    Girl-gang members at greater risk of unprotected sex
    Young girls who join gangs to find their lost freedom are at a greater risk of unprotected sex with multiple partners and substance abuse, says a new study....

    Girl-gang members at greater risk of unprotected sex

    Marijuana may treat Alzheimer's

    Marijuana may treat Alzheimer's
    Extremely low levels of a compound in marijuana called delta-9-tetrahydrocannabinol or THC may slow or halt the progression of Alzheimer's disease....

    Marijuana may treat Alzheimer's