Hard-selling India NaMo style

Tokyo: “Without Japan, India is incomplete and without India, Japan is incomplete,” Prime Minister Narendra Modi has said in his address to Japanese business delegates.  

While giving a call for charting a new history between the two countries on the economic front Modi, sold India as a manufacturing destination, saying the era of “red tape” has been replaced by “red carpet” with ease of doing business and liberalisation.

Addressing Japanese investors at a business symposium, organised by Nikkei and Jetro, Japan’s trade promotion body, he talked about his vision of ‘Make in India’ and cited the decisions of his 100-day old government to create ease for doing business.

“No other country offers such an opportunity” as India, given the fact that it has democracy, demography and demand, Modi said on the fourth-day of his trip.

The Prime Minister asked business leaders to “try their luck” by investing in India, contending that they could do “miracles” in terms of profits through low-cost manufacturing.

“What do manufacturers want? They look for low-cost manufacturing. They don’t want high-cost manufacturing. Cheap labour, skilled manpower, ease of business and liberalised environment. Then it becomes economically viable in India.

“Trillions and trillions of dollars need to be invested in India. The electronic market especially the mobile handset sector is a big market with a potential,” he said, adding the government has put digital India plans for 125 crores of people on a mission mode.

Arguing why India provides a big potential, he said plans for metro construction in about 50 cities and renewable energy sector offers big opportunities.

Modi particularly flagged the opportunities available in small and medium industries and in IT sector, saying India has expertise in software and Japan has expertise in hardware, which need to be inter-linked. 

“I invite you to come for peace and progress of Asia. We need to work together. Try your luck, try your capabilities,” he said, while noting that a market of 125 crore people was waiting.

“You can meet the requirements not only of India but of the world by manufacturing in India,” he said.

Projecting India as a potential hub for manufacturing, Modi said India is a “God gifted location” for reaching out to global markets as it has vibrant sea coasts, skilled manpower and low-cost raw material.

Wooing the Japanese business leaders, he told them, “What miracle you do in 10 years, you can do in two years. Such are the possibilities.” 

India guarantees democracy, safety, security and justice, he added.

 

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