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AKASHVANI SAMACHAR BHARTI 2015

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FM says his Japan visit aims to take India growth story forward

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Finance Minister Arun Jaitley today said his visit to Japan is aimed at taking India growth story forward with investors so as to make them invest in a host of sectors, including infrastructure.

Speaking on the sidelines of Future of Asia conference in Tokyo Mr.Jaitley said there are over a thousand Japanese companies which have invested in India and Prime Minister Shinzo Abe seeks to double it.

He added that he would meet a large number of investors apart from Mr. Abe and other Japanese government officials.

Mr Jaitley arrived in Japan on Sunday on a 6-day tour to the nation.

Finance Minister Arun Jaitley said on Sunday before leaving for his 6-day visit to Japan aimed at attracting investments from Asia's second biggest economy that Japanese conglomerate SoftBank and a number of investors of Japan have shown keen interest in investing in India's "infrastructure growth story".

After a meeting with Mr Jaitley, SoftBank Group CEO Masayoshi Son said he is also interested in Internet companies as well as solar energy sector, where he has already announced 20 billion US dollar investment through a joint venture.

In June last year, SoftBank had announced that the group was forming a joint venture to invest in renewable energy in India.

The JV would aim to generate 20 gigawatts of electricity.

Mr Jaitley said they have made considerable headway and have identified location and it will probably be one of the largest investment in energy sector.

The Finance Minister is scheduled to meet Japanese Prime Minister Shinzo Abe as well as several key investors during his stay.

Mr Jaitley will meet the Prime Minister today at the 22nd International Conference on 'The Future of Asia' organised by Nikkei Inc.

The government is looking at attracting investors to the 40,000-crore rupees National Investment and Infrastructure Fund , which is an investment vehicle for funding commercially viable greenfield, brown-field and stalled projects. It will have 49 per cent holding in NIIF and the rest will be of private investors.

"Mann ki Baat - 20"
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