India, Japan to boost trade |
India and Japan on April 30 signed a five-point action agenda to increase bilateral trade and investment. The five-point agenda includes development of selected townships in India as Japanese industrial townships, promotion of investment and infrastructure development, further development and cooperation in IT sector, enhancing cooperation in strategic sectors and Asia-Pacific economic integration. Commerce Minister Nirmala Sitharaman and visiting Japanese Trade and Industry Minister Yoichi Miyazawa signed the agenda agreement. Agreements are a historic milestone in the economic relations between India and Japan Bilateral trade is at $16.29 billion in 2013-14. Between April 2000 and February 2015, India has received $18 billion as foreign direct investment from Japan.
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