Prime Minister Narendra Modi held one-on-one meetings with heads of prominent Japanese companies such as UNIQLO, Suzuki Motor, NEC and Softbank in Tokyo on the sidelines of the Quad Summit.
Also read/watch| FIRST LOOK at Rakesh Jhunjhunwala's Akasa Air
In a release issued by the govt they stated that the Prime Minister appreciated Softbank’s role in India’s startup sector. They discussed Softbank’s future participation in India in key areas such as technology, energy and finance. As per the statment Specific proposals were shared with Softbank where it could enhance its investments in India. Softbank claims to be India's largest foreign investors having invested in nearly 10% if startups in the subcontinent.
Celebrating a partnership and investment into India for 4 decades the PM also met with Suzuki's patriarch Osamu Suzuki. The MEA tweeted that the meeting focused around diverse opportunities in India, the strong India-Japan economic partnership.
Also read/watch| 1 new billionaire every 30 hours! Shocking report highlights crisis profiteering
From old partners to new entrants, The CEO of clothing brand Uniqlo Tadashi Yanai also had audience with the Indian PM who as per a release by the govt was invited to take part in the PM-Mitra scheme.
Overall, Tokyo is the 5th largest investor in the Indian economy, providing a cumulative FDI of over $42 billion.