India seeking help from Japan

[Hafizzz]

India asks Japan to help achieve infrastructure targets
India asks Japan to help achieve infrastructure targets - Hindustan Times

India envisages financial outlays of over $1 trillion in the next Five Year Plan and while much of this would come "from within", it would welcome support from Japanese companies, Prime Minister Manmohan Singh told Japanese business leaders on Monday. "During India's next Five Year Plan
from 2012 to 2017, we envisage financial outlays of $1 trillion on infrastructure projects. Private investment will play a large role in achieving this target. We would welcome a much greater role by Japanese industry in the development of economic infrastructure in India," the prime minister said at a business lunch hosted by the industry lobby Nippon Keidanren.

Hoping to attract Japanese investment, the prime minister stressed on India's infrastructural needs and said that in the next 20 years about 40 per cent of the population would be living in urban areas.

"We seek your help in raising urban infrastructure," he told the gathering, citing needs like control of urban waste and water supply.

The meeting, also hosted by the Japanese Chamber of Commerce and Industry and Japan-India Business Cooperation Committee, was attended by India Inc - Reliance Industries chairman and managing director Mukesh Ambani, Bharti Enterprises' chief Sunil Bharti Mittal, HDFC chairman Deepak Parekh and Fortis Healthcare's Malvinder Singh among others.

India's business leaders had addressed the 3rd Japan-India Business Leaders Forum ahead of the lunch.

On the Comprehensive Economic Partnership Agreement (CEPA) - India and Japan are expected to announce conclusion of negotiations on the pact - the prime minister said the first priority was to "convert the agreement into a legally binding document".

"We are working on it at the level of the government," he said, adding that it might go to parliament next.

Manmohan Singh, who noted the "welcome sign" that the number of Japanese companies with an established business presence in India had more than doubled in the past four years, said: "Bilateral trade has made a robust rebound in 2010 and should exceed $20 billion by 2012. However, you will agree with me that India-Japan trade is still at a low threshold apart from being unbalanced."

He said he had long believed that India and Japan should work together to create a business environment conducive to much greater two-way trade and investment flows.

"It was with this perspective that we launched negotiations for a Comprehensive Economic Partnership Agreement almost four years ago."

He also noted that nuclear energy could provide India's growing economy with a clean and efficient source of power. "Cooperation in this area will enable Japanese companies to participate in India's ambitious nuclear energy programme."

First China and now Japan. Who else did India ask for help ?

 

[Markus]

First China and now Japan. Who else did India ask for help ?

Well, donno who else but certainly not Pakistan.

 

[SpArK]

First China and now Japan. Who else did India ask for help ?

Everybody who has the capabilities and has more advanced technologies.

Any problem for you???

 

[MdArif]

Anyone and Everyone who can help us achieve our goals is welcome, even Pakistan.

 

[KindlyCruel]

Next 5 years $1 trillion!!!!!!!!!!11
Woohoo,happy to hear it,Thanks Hafizzz!!

 

[KindlyCruel]

First China and now Japan. Who else did India ask for help ?

Skill from China and quality from Japan.
Mix them and you have a future better than both of them.

Understand??
The mind game India is playing?

 

[T90TankGuy]

Please compare it to your own capabilities’ then talk . At least we acknowledge we need technology and are constantly looking for it , also we do not have to beg like you guys in terms of aid and stuff. We BUY , so before you comment about us buying stuff , look to see what you guys are doing .
The answer may be enlightening..

 

[Water Car Engineer]

The Japanese are awesome!

And the trillion dollar infra plan is on the way!

 

[aristocrat]

Yeah India is seking more private investment.The private investment will go up from
26% in 11th 5 year plan to 31% in 12th in electricity
5%-36% in roads
36%-66%in telecome
0.3%-20% in railways
1.6-2.7% water supply and sanitation
0% to 32 % in gas
total 18.5% to 30%

No wonder the world is interested in india

 

[jha]

Sun is rising..Again..
Way to go Bharat-Japan relationship...

 

[hellofriends]

First China and now Japan. Who else did India ask for help ?

at least we r trying to develop our infrastructure but what about pakistan govt. who always seek for weapon,weapon and weapon from china and russia....they never think about poor people. as i know there is no any effective and big welfare scheme for poor people in pakistan..but you don't worry your pak govt is buying more and more weapon for your country.now you r happy...

 

[INDIAN007]

Good Job India...It will boost our infrastructre and econnomy as well......actually its good that INdia is learning from other countries in fileld of tech like Japan and china.......atleast we are learning and developing.....

 

[adatta]

Japan bends, sets ball rolling for civil N-deal

TOKYO: India on Monday made significant progress in its efforts to enter into a civil nuclear deal with Japan. Considering the sensitivities of Japan on the nuclear issue, the development marks a major upgrade in the ties between the two nations.

A joint statement issued after detailed discussions between Prime Minister Manmohan Singh and Japanese Prime Minister Navoto Kan said the two leaders welcomed the commencement of negotiations between India and Japan on an agreement for cooperation in the peaceful uses of nuclear energy in June 2010. "They affirmed that cooperation in this sector will open up new opportunities for further developing the India-Japan strategic and global partnership. They encouraged their negotiators to arrive at a mutually satisfactory agreement for civil nuclear cooperation," the joint statement noted. Foreign secretary Nirupama Rao later told reporters that the third round of negotiations will be held in Tokyo in the third week of November.

Japanese cos eager for business

There has been considerable pressure from Japanese entrepreneurs for a successful conclusion of the talks for nuclear cooperation as it offers huge opportunities for Japanese companies.

Earlier in the day, prime minister Singh had taken a cautious line and had told a meeting of industry captains that his government will not push Japan on the subject. "Co-operation in this area will enable Japanese companies to participate in India's ambitious nuclear energy programme," Mr Singh had said while acknowledging that a deal with Japan on the issue was not all that easy. "We would hope that Japan will be India's partner in the expansion of its civil nuclear industry for peaceful purposes. But I do recognise the sensitivity of Japan and will, therefore, not force the issue."

In hindsight, this was an astute pitch to make, considering that Japanese majors in nuclear technology - Marubeni, Mitsui, Toshiba, Mitsubishi and Hitachi - are keen on slices of the pie of Indian nuclear commerce. As a matter of fact, these companies have been pushing the political establishment, wary because of the memories of the devastation atom bombs wreaked on Hiroshima and Nagasaki during World War II, to wrap up an agreement with India.

But what can give an edge to their anxiety to open doors for business with India is the competition they are facing from South Korea. Koreans are proving to be quite a challenge, with Doosan Engineering threatening to undercut Japan Steel Works' claim to be the most accomplished in building the core of nuclear reactors. The Koreans signalled their intent when they stole a contract to build nuclear reactors in UAE from right under the nose of the Japanese.

Not being shackled by the sensitivity Japan has on the nuclear issue, the Koreans can hope to have an advantage in tapping India's nuclear market, with chances of a bilateral agreement being inked during Prime Minister Singh's visit to Seoul scheduled for early next year high.

Given the hunger of the nuclear suppliers for contracts, India can hope to leverage its grand plans to tap nuclear energy to realise its aspirations for sustained double-digit growth. Planning Commission member Kirit Parikh had set the target of 20, 000 MW of nuclear energy by 2020. Nuclear Power Corporation of India has set its sights even higher, with its chairman SK Jain recently declaring that the country can hope to have a capacity of 63,000 MW by 2030. Both may sound unrealistic, but can be used by India as bait.

French President Nicolas Sarkozy is anxious to clear the way for business opportunities for his country's nuclear energy firm Areva during his forthcoming visit here and Mr Singh seems to hope that the Japanese can also be lured into joining this race.

Mighty India is again showing her power

Japan bends, sets ball rolling for civil N-deal - The Economic Times

 

[adatta]

Hafizzz bhaya chill down... abhi delhi bahu duuur hai.... Delhi is far beyond your reach

 

[somebozo]

Better something than nothing..everyone wants efficient usage of their funds at optimum quality..

and where did the Indian indigenous addiction go??