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PM Modi meets with executives of NEC Corporation and Uniqlo in Japan to discuss investment opportunities in India

Prime Minister Modi will have a bilateral meeting with Japan’s Fumio Kishida on May 24, allowing the two leaders to continue their conversations since the 14th annual India-Japan summit held in March 2022.

Prime Minister Narendra Modi embarks for Tokyo, Japan on May 22. ANI

Prime Minister Narendra Modi met with NEC Corporation Chairman Nobuhiro Endo in Tokyo on Monday as part of his two-day visit to the country and discussed the Japanese multinational’s role in India’s telecommunications sector. He also met with the CEO of Japanese clothing brand Uniqlo to discuss investment opportunities for the retailer in textile manufacturing in India.

“The Prime Minister appreciated the role of NEC in the telecom sector in India, particularly in delivering the Chennai-Andaman and Nicobar Islands (CANI) and Kochi-Lakshadweep Islands (KLI) OFC projects. investment opportunities under the Production Linked Incentives (PLI) scheme,” the Ministry of Foreign Affairs (MEA) said in a statement.

According to MEA, they discussed various reforms undertaken to make it easier to do business in India, including in the areas of industrial development, taxation and labor. They also discussed opportunities in India in new and emerging technologies.

While Tadashi Yanai appreciated the entrepreneurial zeal of the Indian people, Modi asked him “to participate in the PM-Mitra program aimed at further strengthening the textile sector”, tweeted PMO India.

“Boosting the Indian textile sector. Prime Minister @narendramodi met with CEO of Fast Retailing, parent company of @UNIQLO_JP, Tadashi Yanai,” MEA spokesperson Arindam Bagchi tweeted. “Discussed Uniqlo’s growing presence in India and investment opportunities for textile manufacturing in India under the PLI program.”

The PM Mega Integrated Textile Regions and Apparel Parks Scheme (PM MITRA) aims to develop textile parks through a special purpose vehicle owned by central and state government and in a public-private partnership (PPP) model ).

Each park will have an incubation center, a common processing house and a common effluent treatment plant and other textile-related facilities, such as design centers and test centers. The Master Developer is not only required to develop the industrial park but also to maintain it during the concession period.

Prime Minister Modi arrived here for a two-day visit at the invitation of Japanese Prime Minister Fumio Kishida. Prime Minister Modi will attend the third Quad Leaders’ Summit in Tokyo on May 24 with other Quad members.

The Prime Minister will have a bilateral meeting with Fumio Kishida, Prime Minister of Japan, on May 24. The meeting with Prime Minister Kishida will be an opportunity for the two leaders to continue their conversations since the 14th annual India-Japan Summit held in March 2022, when Prime Minister Kishida visited India. During the visit, the Prime Minister will participate in a business event with Japanese business leaders and will also interact with the Indian community.

Indian Ambassador to Japan Sanjay Kumar Verma had said on May 22 that Prime Minister Modi would host a roundtable with 35 business leaders.

“We have a round table where we will have around 35 business leaders and they are quite big as businesses, and in addition the leaders will meet separately with the prime minister,” he said. ANI.

With contributions from agencies

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