Tokyo May 23Prime Minister Narendra Modi and Suzuki Motor Corporation Senior Advisor Osamu Suzuki on Monday discussed investment opportunities in India including setting up of production facilities for electric vehicles and batteries.
“They discussed further investment opportunities in India including setting up of production facilities for electric vehicles and batteries as well recycling centres, for realising the goal of sustainable growth,” the PMO said in a statement.
The PM met a number of Japanese business leaders on day one of his two day visit to Tokyo and discussed ways to enhance cooperation and opportunities for investment in India.
During the meeting, the PM recalled Suzuki’s association and contribution in India and appreciated the transformational role of Suzuki Motors in the automotive industry of India.
“They appreciated that Suzuki Motor Gujarat Pvt Ltd and Maruti Suzuki India Ltd were among the applicants approved under Production Linked Incentives (PLI) scheme in automobile and auto component sector,” the PMO said.
They also discussed strategies for building the local innovation system in India, including skill development through Japan-India Institutes of Manufacturing (JIM) and Japanese Endowed Courses (JEC), the PMO added.
Osamu Suzuki said that the reforms undertaken by Prime Minister Narendra Modi are undescribable and they are changing India into a model landscape, the PMO informed.
He also said that the self reliance initiative of the PM is supported by Japanese Investors very strongly..