Japan for greater ties with India in food processing

Japan for greater ties with India in food processing

Context

Japanese Ambassador to India Kenji Hiramatsu on Tuesday said there was plenty of room to expand India-Japan ties, especially in  food processing, urban development, environment and sanitation as well as medicine. However, he wanted the Indian government to address the concerns of Japanese firms including on taxation, financial regulation and infrastructure.

Priority areas

He said the other priority areas for cooperation included water supply, sewage treatment, natural disaster management techniques, internet of things, artificial intelligence, robotics, start-ups and industrial corridors.

Tax Reduction

Japanese firms have been pitching, among other things, for improved infrastructure in India, uninterrupted power supply, reduction of Goods and Services Tax on hybrid and electric cars, easing foreign currency norms, including on external commercial borrowings.

High Speed Railways

A FICCI report released on the occasion cited the areas of cooperation between India and Japan, including high speed railways (linking Mumbai and Ahmedabad) and building Japanese Industrial Townships.