India eyeing investments from Japan in renewables
As of now our Honorable PM, Mr. Narendra Modi, is in Japan strengthening our relationship with the leader in technology. He is also accompanied by who’s who of the business and finance fraternity in India. One such business leader, accompanying him is ICICI bank chief Chanda Kochhar.
While speaking to PTI, Ms. Kochhar said, the areas that can attract huge investments include railways, smart city projects, biotechnology, clean energy, electronics and the overall infrastructure space. She added, India can get billions of dollars of fresh investments from Japan.
“Japan is currently third largest FDI source for India and still its total FDI into India is only 1.7 per cent of their overall foreign direct investments. Even if this figure goes to 5 per cent, the total investments into India would easily become $5 billion.”