Lagatar24 Desk
Tokyo, May 23: Prime Minister Narendra Modi met with senior Japanese business leaders on Monday, including SoftBank’s Masayoshi Son and Suzuki Motor Corp’s Osamu Suzuki, to explore investment prospects in areas ranging from textiles to automobiles, as well as emerging technology and startups.
PM Modi, who arrived in Tokyo on a two-day visit at the invitation of his Japanese counterpart Fumio Kishida to attend a Quad Leaders Summit, conducted separate bilateral meetings with Japanese business leaders.
He initially met with Nobuhiro Endo, Chairman of NEC Corporation, and then with Tadashi Yanai, CEO of Uniqlo, a Japanese clothing company.Meetings with Son and Suzuki to discuss investment options followed.
PM Modi praised NEC’s contribution to India’s telecommunications industry during his meeting with Endo, particularly for the optical fibre cable projects between Chennai and the Andaman and Nicobar Islands (CANI) and Kochi and the Lakshadweep Islands (KLI), according to an official release.
He also mentioned the Production Linked Incentive (PLI) scheme, which offers investment prospects.
Uniqlo’s increased participation in India’s journey to becoming a textile manufacturing hub, particularly the use of technologies in textile manufacturing, was also requested by the Prime Minister, who also invited the Japanese apparel giant to participate in the ‘PM-Mitra’ scheme aimed at further strengthening the textiles sector.
