Addressing the ’46th Joint Meeting of the India-Japan Business Cooperation Meeting (IJBCC)’, organized by FICCI jointly with JIBCC, Mr Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Govt of India informed that the government has come out with a National Single Window System which will be very transformational.
“We have brought 27 government departments and 19 states on this Single Window platform. By December 2023, all 36 States and UTs along with all 32 departments of Govt of India will be on-board and all returns or approvals will be filed on one single platform. With leveraging technology, we are doing a collaborative exercise to bring the whole of government (including Central and State) on one single platform which will be transformational,” said Mr Jain.
Inviting more Japanese companies to invest in India Mr Jain, said that India is a very vibrant democracy and the structural and governance reforms brought in by the government are transformational.
Highlighting the merits of India’s public digital infrastructure, Mr Jain said, “Today we see over 7 billion online real-time transactions in India which is more than China and the US and the whole of Europe. India follows the open network system.”
Need to increase Japanese Investments into India
Mr Hiroshi Suzuki, Ambassador of Japan to India said that there is a need to increase the number of Japanese companies investing in India as there are emerging opportunities in various sectors. “The size of potential that Indian markets provide creates a huge gravitational pull. India is high on the radar screen of Japanese top business leaders,” he added. He also said that Japan and India should take the lead in securing peace and security in the Indo-Pacific region for the entire world as both nations share the same values.
Mr Onkar S Kanwar, Chairman, IJBCC and Chairman, Apollo Tyres Limited said that India with the support of Japan has an opportunity to become the next hub of global manufacturing value chains. “While economic relations between India and Japan have strengthened in recent years, the two strategic partners need to capitalize on their foundational partnership and approach towards a more sustainable economic integration. Japanese entities should consider expanding their investment by tapping into the emerging sectors like Renewable Energy, FinTech, and digital technology, as a step further towards gaining economic prosperity,” he said. Mr Tatsuo Yasunaga, Chairman, Japan-India Business Cooperation Committee and Representative Director and Chairman of the Board of Directors, Mitsui & Co. Ltd said, “Japanese companies are focusing on decarbonized society in India. We should work towards creating an environment where we can do business with confidence with each other.”
Need for Sustainable Development
Speaking at the plenary session, Dr. Ravindra Sannareddy, Founder Managing Director Sri City, emphasised that sustainability greatly improves the quality of life, bringing about socio-economic prosperity, environmental protection and preservation of natural resources, thereby securing our future generations. Explaining the sustainable concept upon which Sri City has been built, Dr. Sannareddy said, “Sri City has been built on the concept of sustainable development and strives to meet economic needs without compromising the environmental or socio-economic parameters of the region.