Finance Minister Nirmala Sitharaman on Wednesday welcomed Japan Bank for International Cooperation (JBIC) for a functioning commitment with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other monetary organisations refering to tremendous chance for interest in the country.
During the meeting with JBIC Governor Hayashi Nobumitsu in New Delhi, both exchanged views on JBIC's recent activities in India contributing towards Japan's venture focus of five trillion yen throughout the following five years.
"The Union Finance Minister observed that India has been ranked by the JBIC as one of the most attractive #investment destinations in recent years' survey of Japanese manufacturing companies and encouraged engagement of JBIC with Indian financial institutions such as Exim Bank @IndiaEximBank, NIIF and lending banks to leverage the strength and complementarities of both countries," the finance ministry said in a statement posted on X.
"The Union Finance Minister observed that India has been ranked by the JBIC as one of the most attractive #investment destinations in recent years' survey of Japanese manufacturing companies and encouraged engagement of JBIC with Indian financial institutions such as Exim Bank @IndiaEximBank,
NIIF and lending banks to leverage the strength and complementarities of both countries," the ministry said.
Sitharaman talked about the PMGatiShakti drive and other empowering strategies created in the blue economy area and encouraged JBIC to bring in investment for India for handling of marine food items, logistics and transportation development and furthermore in arising areas like artificial intelligence, Hydrogen-based energy and semi-conductors.
"JBIC Governor appreciated the initiatives of Government of India towards facilitating #investment through various instruments like PLI schemes and National Infrastructure Pipeline #NIP; besides GST reforms," the ministry said.
Nobumitsu expressed that JBIC is additionally anticipating investigate more opportunities for mutually beneficial engagements between the two nations.
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