Finance Minister Arun Jaitley is on a six-day visit to Japan to meet the Japanese Prime Minister Shinzo Abe and key investors.
He is scheduled to meet SoftBank CEO Masayoshi Son to discuss investment opportunities in the telecom sector. SoftBank has already made a string of tech investments in India and has announced plans for raising it to USD 10 billion over the next decade. Jaitley will also meet Osamu Suzuki, Chairman of Suzuki Motor, the biggest japanese investor in automobile sector in India.
The meeting with PM Abe is planned for 30 May and on the same day he will also attend the 22nd International Conference on ‘The Future of Asia’ organised by Nikkei Inc. On May 31, he will participate in ‘The Future of Asia’ conference and in the afternoon he will deliver keynote address at the roundtable on National Investment & Infrastructure Fund (NIIF). The government is looking at attracting investors to the Rs 40,000-crore NIIF, which is an investment vehicle for funding commercially viable greenfield, brown-field and stalled projects. It will have 49% holding in NIIF and the rest will be of private investors.
He will also be meeting CEOs at the Japan-India Business Cooperation Committee meet. Jaitley will also deliver a Lecture on ‘India: Political, Social and Economic Change’ at Osaka University. The minister will participate and address the Make in India Investment Promotion Seminar and meet select Japanese CEOs and CII delegation.
(With inputs from PTI)
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