Japanese companies no longer feel safe investing in China, they want to come to India: Fadnavis | Mumbai News
According to Fadnavis, “Japanese companies want to come to India. They no longer feel safe investing in China. They are now looking at India for security.”
“From the Land of the Rising Sun To The City of Dreams! After a historic official visit to Japan, back to my homeland, Mumbai. Back to base!” wrote Fadnavis on X (earlier known as Twitter). (Photo/X/@Dev_Fadnavis)Listen to this article
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While reckoning India’s potential, Japanese companies no longer feel safe investing in China. They are looking forward to India, Deputy CM Devendra Fadnavis said on Saturday.
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Concluding five days’ tour of Japan, Fadnavis returned to Mumbai on Saturday where he was accorded a warm welcome by party workers. Addressing the media outside Mumbai airport, Fadnavis said, “One key aspect which emerged during the official tour was the growing confidence of Japan government and companies on India. The relations between India and Japan have become stronger.” Fadnavis said, “Japan is looking at India as a better option for business partnership and investment. They have sensed the potential and security of doing business collaboration and investment in India.”
According to Fadnavis, “Japanese companies want to come to India. They no longer feel safe investing in China. They are now looking at India for security. They find India safer destination for business partnership and long term investments. The Japanese companies have expressed confidence in new India under the leadership of Prime Minister Narendra Modi. They believe that compared to other countries, India has greater potential.”
“Maharashtra, which is the leading destination in terms of economic and foreign direct investment, is bound to play greater role. It will be our endeavour to encash the trust Japanese companies and government has shown in India. Maharashtra will have the biggest share in drawing investments from Japan,” the Deputy CM said. He added, “The Japan tour was very satisfying. I held a series of interaction and business meeting with Japanese companies and Japanese government officials on trade and economy. From semi-conductors, infrastructure to technology we discussed projects and business collaboration in multiple sectors.”
“After getting approval from Centre, we will start the process for Metro 11. The JICA is already finding and helping in technology in Metro 3 projects. They have shown interest in Versova Virar Sea Link project which is 43 km, costing Rs 63,000 crore, and promises quick and extended communication in Western extended suburbs. They are ready to partner in high-rise buildings along the Metro 3 railway stations. Japan has shown interest to help on flood mitigation project for Mumbai. Using technology, they allow the flood water to flow underground. The excess water is then channelised and used for various purposes,” he added.
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“With CM Eknath Shinde’s approval, we will have a team who can converse in Japanese language. The team is necessitated to pursue the communication forward with visiting Japanese delegates who will visit Maharashtra to pursue mega projects,” said Fadnavis.
Responding to the question on success of Chandrayaan 3, Fadnavis said, “I had the opportunity to watch the historic event along with our people living in Japan. We collectively watched it at Indian Embassy in Tokyo.”
Commenting on Congress’ criticism about PM Narendra Modi and BJP walking the credit and politicising the space mission, Fadnavis said, “The Congress has stopped thinking about country. What’s wrong in PM participating and addressing the scientists at ISRO. The Congress criticism shows their frustration.”
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First published on: 26-08-2023 at 21:22 IST
