The Secretary of the Division for the Promotion of Trade and Inner Commerce (DPIIT), Guruprasad Mohapatra, stated the federal government has undertaken a number of coverage reforms, together with the PLI program, to spice up manufacturing and exports.

Key sectors lined by this system embody telecommunications, meals processing, medical units, automotive and its elements, textiles and photo voltaic photovoltaic modules.

Japan’s experience is understood world wide in these sectors and “we look ahead to Japan’s nice curiosity in collaborating in India’s LIP program,” Mohapatra stated on the forty fourth Joint Ficci Committee Assembly. India-Japan commerce cooperation.

He additionally stated that the 2 international locations are striving to enhance India’s industrial competitiveness.

“India and Japan are collaborating within the type of an industrial competitiveness partnership between India and Japan. As a part of this partnership, it’s proposed that the governments of India and Japan collectively work to strengthen India’s industrial competitiveness, and discussions have began, joint working teams have shaped, and we’re making very regular progress. “, he added.

Mohapatra stated that Japan has introduced an incentive program to assist Japanese corporations into this new period, and that it presents India a singular alternative to draw new Japanese funding to India.

Talking on the webinar, Japanese Ambassador to India Satoshi Suzuki stated it was necessary for India to have a extra secure enterprise surroundings to additional strengthen bilateral financial ties.