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As Japan and India Forge Economic Ties, a Counterweight to China Is Seen
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A $100 billion infrastructure project to create a high tech manufacturing and freight corridor between New Delhi and Mumbai with a third of the money coming from Japanese public and private money will be announced this week during Japanese Prime Minister Abe's visit to India this week. Japanese investment in India is expected to rise from $515 million in 2006 to $5.5 billion in 2011. Lack of infrastructure has been a key constraint to investment in Indian manufacturing and this project hopes to address this problem. This would include airports, ports, and a high speed freignt line for the 1500 kilometres between New Delhi and Mumbai. CEO's from companies such as Toyota, Mitsubishi, Canon, Hitachi have joine a new Japan-India business leader forum. Toyota plans to increase manufacturing capacity to 600,000 in India by 2015. Japan played a major role in the rapid modernization of Korea, China, and now is likely to do so in India as well.
The Japan-India Economic Partnership
08/21/2007
A turning point for Japanese foreign investment in India occurs with PM Abe's visit in August 2007. Abe led a delegation that includes CEO's of some of Japan's biggest companies, such as Toyota, Hitachi and Canon. A focus on India's infrastructure needs.
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