Portal launched to promote India-Japan business cooperation

July 17th, 2008 - 3:59 pm ICT by IANS  

New Delhi, July 17 (IANS) The Confederation of India Industries (CII) and Japan External Trade Organisation (Jetro) have launched a web portal to bolster trade and investment partnerships between India and Japan, with special emphasis on the proposed Delhi-Mumbai Industrial Corridor (DMIC). Called Indo-New Window, the portal will act as a business-matching site to encourage Indian and Japanese companies to identify potential business partners for import and export, technology transfer, investments, and business tie-ups specifically in the proposed DMIC.

DMIC - a $90-billion investment opportunity - will be based on a public private partnership model. It will include a dedicated 1,515-kilometre freight corridor (DFC) and a 150-kilometre wide industrial corridor on either side of the DFC.

The total cost for the DFC is estimated at Rs.166 billion. Japan has already offered Rs.500 million for the project preparation.

The portal was inaugurated at a programme on ‘Reinforcing Indo-Japan Business Partnership’ organised by CII and Jetro Wednesday.

Jetro chairman and chief executive Yasuo Hayashi said Japan recognised the “immense potential for trade and investment cooperation” with India, adding: “In 2007, Japan invested close to $1.5 billion in India, almost triple the investment in 2006, which was $512 million.”

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