White paper on India-Japan ties released

MUMBAI: Businessmen in India and Japan could tapped into various business opportunities of sectors like infrastructure, power, automobiles, auto components and electronics hardware, a white paper release said on Wednesday.

The white paper titled Nihon and Bharat, two ancient Asian giants engaging to take economic relations to a new level, was released on the occasion of India-Japan business seminar organised by Department of Industrial Policy & Promotion and the three business chambers, FICCI, CII and Assocham.

The visiting delegations of CEOs of the Japanese companies accompanying the Japanese Prime Minister Shinzo Abe attended the seminar. The white paper said sectors like power, auto and electronic hardware offer lot of potential.

Commenting on the white paper, Pradeep Udhas, Head, Markets, KPMG in India said Japan's technological prowess and design\engineering skills, if combined with India's skilled labour and IT leadership, can prove symbiotic to both the countries.