Don’t miss the latest developments in business and finance.

Modi asks Japan's MSMEs to explore business opportunities in India

Image
Press Trust of India Tokyo
Last Updated : Oct 29 2018 | 4:15 PM IST

Prime Minister Narendra Modi on Wednesday asked Japan's medium, small and micro enterprises to explore business opportunities in India and assured them of a more conducive environment to consolidate bilateral trade ties.

Modi, who is here to attend the 13th India-Japan annual summit, said the ease of doing business was his top priority.

"Some years ago, I spoke about making a mini-Japan in India. It's a matter of great happiness for me that today, you are working in an even larger number in India," Modi said while addressing 'Make in India: India-Japan Partnership in Africa and Digital Partnership' seminar in Tokyo on Monday.

Modi said when he became prime minister in 2014, India was at 140th position in the 'ease of doing business' ranking of the World Bank.

"Now India has reached 100th position and we are working towards better ranking," he said.

He said the Indian government was making all efforts to change the country's business environment and ensure that there is ease of doing business and ease of living.

"There are ample possibilities for Japan's [micro] SMEs in India," the prime minister said.

"It's not only big companies but Micro, Small & Medium Enterprises (MSMEs) that are welcome to India. Through MSMEs, too, Japanese entrepreneurs can take their businesses to new highs."
The cooperation between Japan and India in the field of electric mobility

Also Read

First Published: Oct 29 2018 | 4:15 PM IST

Next Story