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Speech by Prime Minister at CII-Keidanren Business Luncheon (November 11 2016)

News and Press Release - Dated:- 11-11-2016 - I am delighted to visit this great country once again. It is indeed a great pleasure to see so many familiar faces here. I thank CII and Keidanren for creating this opportunity. I have always considered my engagements with you extremely useful. Over the years, I have visited Japan several times. Indeed, my personal engagement with the leadership, Government, Industry and people of Japan is now almost a decade old. Friends, The very word Japan in Indi .....

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a Gandhi. It gets its wings from our democratic traditions, emphasis on both wealth and value creation, a robust sense of enterprise and quest to modernize and prosper its economy. That is why India and Japan are best suited to work together. In fact; Our past has desired us to stand together. Our present is encouraging us to work together. Friends, I have been saying that this twenty first (21st Century) is Asia s Century. Asia has emerged as the new centre of global growth. It is competitive i .....

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pan will not only enrich our two nations. It will also be a stabilising factor in Asia and the world. Friends, Today, India is on the path of several major transformations. We have taken decisive steps and built a governance system that will help India realize its potential. The results are already visible. Even against a weak international economic scenario, the news from India is of strong growth and abundant opportunities. It is of Incredible opportunities, and about India's Credible Poli .....

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anies are no exception. It is no surprise that today Japan is India's fourth largest source of FDI. Japanese investments extend to both green-field and brown-field projects; manufacturing and services; infrastructure and insurance; and e-commerce and equity. On our part, we would, of course, want greater influx of Japanese investments. For this, we will be proactive in addressing your concerns. And, we will further strengthen the special mechanisms including Japanese Industrial Townships. I .....

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in a faster way; We want to explore minerals and hydrocarbons in a greener way; We want to build homes and civic amenities in a smarter way; and We want to produce energy in a cleaner way. In addition, there are futuristic infrastructure projects of second generation. These include: the Dedicated Freight Corridor, the Industrial Corridors, High Speed Railways, Smart Cities, Coastal Zones and Metro Rail projects. All of these offer unprecedented opportunities for Japanese industry. Made in India .....

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arent regulations are redefining the nature of doing business in India. E-governance is no longer just a fancy buzzword, but a basic facility. We have successfully enacted a new legislation regarding Goods and Services Tax (GST). The Insolvency & Bankruptcy Code passed recently will make it easier for investors to have an exit. We are setting up commercial courts and commercial divisions to ensure speedy disposal of commercial matters. The arbitration proceedings will now become faster as th .....

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