Sealing the deal: Wooed by Modi, Japan aims to double investments in India

September 1, 2014

Kyoto, Sep 1: With India and Japan now talking of a new chapter in their global and strategic ties, Prime Minister Narendra Modi today begins the second leg of his five-day Japan visit - to convince the country to 'make in India and invest in India'.

Modi in Japan
According to the Nikkei business daily, Japan aims to double its direct investment in India in five years from around $2 billion last year.

India and Japan are already in talks for the high speed train between Mumbai and Ahmedabad, and Japan has already invested in the Delhi-Mumbai industrial corridor and the western freight corridor.

On Monday, Modi will be accorded a ceremonial welcome followed by summit-level talks in which the two sides will seek to take their strategic partnership to a new level. Agreements are expected to be signed in defence and the two sides will discuss cooperation in infrastructure, civil nuclear energy and production of rare earth materials.

Commerce minister Nirmala Sitharaman told The Telegraph: “We are asking for greater access to their market so that Indian goods such as gems and jewellery, pharmaceuticals and textiles can be exported.”

According to the report, the Indian pharma industry, whose growth has slowed down to 1.2 percent at $14.84 billion last financial year, has been trying to prise open the tightly controlled Japanese drug market.

The two countries will also agree to jointly produce mixed rare earth, with Japan set to start importing from India in 2015 as it tries to wean itself of its reliance on China.

Indian Rare Earths, a wholly-owned subsidiary of the Department of Atomic Energy, and Japanese trading house Toyota Tsusho will sign a contract on joint production as early as September, according to the Nikkei Business Daily.

Annual production will be about 2,000 tonnes to 2,300 tonnes, equal to around 15 percent of Japan's demand, and roughly 2,000 tonnes a year could be exported to Japan starting as early as February, it added.

The Indian company will make mixed rare earth materials from uranium and thorium ores, which Toyota Tsusho will use to produce neodymium for electric and hybrid cars, as well as lanthanum, cerium and praseodymium

Modi is also likely to lobby for Abe to back a nuclear energy pact, although hopes of striking a similar accord to one reached with the United States in 2008 had faded in the run-up to the visit.

Japan wants explicit guarantees from India, which has not signed the nuclear non-proliferation treaty, to limit atomic tests and allow closer inspection of its facilities to ensure that spent fuel is not used to make bombs.

Modi will also seek to drum up the inward investment he needs to bring to life the appeal to "Come, make in India" he made in a speech this month to mark India's independence day.

Also under discussion will be a proposal to formalise a 'Two Plus Two' format for talks bringing together the foreign and defence ministers of both countries, reflecting shared concerns about an increasingly assertive China.

Other items on the agenda include negotiations for the US-2 amphibious rescue and reconnaissance plane, investments in desalination plants and the Japanese bullet train.

Japanese Prime Minister Shinzo Abe, who, in a special gesture, received Modi in Kyoto, tweeted Sunday: “"Looking forward to seeing PM Modi again in Tokyo tomorrow."

"Will begin the day tomorrow (Monday) with a visit to Taimei elementary school followed by meetings, address at a Business Luncheon and tea ceremony," Modi tweeted on his part.

On Sunday, the first full day of his five-day trip to Japan, Modi also exchanged notes on heritage conservation with Kyoto Mayor Daisaku Kadokawa, showing him a detailed map of Varanasi, the Hindu holy city he represents in the Lok Sabha.

Modi, who arrived in Kyoto Saturday, began Sunday by visiting the Toji and Kinkaku-ji temples. Dressed in a white kurta pyjama and bandhgala, Modi first went to the Toji temple with Abe.

Abe guided Modi around the Toji temple to take a look at its Buddhist statues and five-storied pagoda, which is a national treasure, Kyodo news agency reported. Modi also walked through the temple premises.

Modi and Abe then met for about 90 minutes. The meeting was described by Indian officials as "exceptionally warm and friendly". Within hours of Modi's arrival, a partnership accord was signed between Varanasi and Kyoto.

This is Modi's first bilateral sojourn outside South Asia since taking office in May. On Tuesday, he will call on Japanese Emperor Akihito.

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April 24,2024

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Ambikapur (Chhattisgarh): Prime Minister Narendra Modi on Wednesday hit out at the Congress, saying the 'vote bank hungry' party wanted to implement reservation on the basis of religion.

Addressing a poll rally in Ambikapur, the headquarters of Surguja district in Chhattisgarh, PM Modi also said the Congress wanted to impose inheritance tax in the country and snatch the rights of people's children.

Some forces want a "weak" government of the Congress and "I.N.D.I." alliance in the country as they thought that if India becomes 'atmanirbhar' (self-reliant), their shops will be shut, he said.

"Today when I have come to Surguja, I want to present the Muslim League thinking of the Congress in front of the country. When their manifesto was released, on the same day I had said, and saying today also that the Congress manifesto has the imprint of Muslim League," Modi said.

When the Constitution was being drafted, it was decided under the leadership of Babasaheb Ambedkar that there would be no reservation on the basis of religion in India, he said.

"If there will be reservation then it will be for by Dalit brothers and sisters and tribal brothers and sisters," he said.

"But the vote bank hungry Congress never cared about the words of the great personalities, sanctity of the Constitution and the words of Babasaheb Ambedkar. Years ago, the Congress made an attempt to implement reservation on the basis of religion in Andhra Pradesh. Then Congress has planned to implement it in the entire country," Modi said.

They talked about implementing 15 per cent reservation on the basis of religion and said it will be done after curtailing the quota of the Scheduled Castes, Scheduled Tribes and Other Backward Classes, he added.

In its 2009 manifesto, Congress's intention was the same and in the 2014 manifesto, it clearly said it will not leave this issue, the prime minister said.

The Congress wanted to change the Constitution and hand over rights of the SCs, STs and OBCs to its vote bank, he said.

The intention of the Congress is not good, it is not according to the Constitution, social justice and secularism. If anyone can protect your reservation, it is the BJP, Modi said.

"The Congress's eyes are not only on your reservation, but also on your earnings, your houses, shops and farms. The 'shehzada' of Congress (apparently referring to Rahul Gandhi) says they will conduct an X-ray of the property of every house and every family in the country. The Congress will snatch all these from you and they say that they will equally distribute them," he said.

Do you know to whom they will distribute it after 'looting' it from you? Modi asked, to which the people replied in affirmative.

"I need not to tell you to whom they will distribute," he added.

Modi further said the 'dangerous intentions' of Congress are coming to forth one by one and now it says it will impose inheritance tax.

"The advisor of shehzada of the shahi parivar, who was also the advisor to the shehzada's father, had said that more tax should be imposed on the middle class and those who earn by toiling hard. Now the Congress says it will impose inheritance tax. It will impose tax on the assets inherited by people from their parents. Now, the panja (Congress poll symbol) will snatch the assets from your children," he said without taking any name.

The Congress' mantra is 'loot of Congress zindagi ke sath bhi, zindagi ke baad bhi', he said.

"They (Congress) want to snatch your assets and rights of your children," Modi added.

The PM also said he had come to seek people's blessings for a developed Chhattisgarh and a developed India.

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April 25,2024

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Electronics Corporation of India Ltd and Bharat Electronics Ltd have refused to disclose the names and contact details of the manufacturers and suppliers of various components of EVMs and VVPATs under the RTI Act citing "commercial confidence", according to RTI responses from the PSUs to an activist.

Activist Venkatesh Nayak had filed two identical Right To Information applications with the ECIL and BEL, seeking the details of the manufacturers and suppliers of various components used in the assembling of the electronic voting machines (EVMs) and voter-verifiable paper audit trail (VVPATs).

The VVPAT is an independent vote verification system which enables electors to see whether their votes have been cast correctly.

The ECIL and the BEL, public sector undertakings under the Ministry of Defence, manufacture EVMs and VVPATs for the Election Commission.

Nayak also sought a copy of the purchase orders for the components from both PSUs.

"Information sought is in commercial confidence. Hence details cannot be provided under Section 8(1)(d) of the RTI Act," BEL said in its response.

A similar response was sent by ECIL which said the details requested are related to a product which is being manufactured by ECIL, and third party in nature.

"Disclosing of details will affect the Competitive position of ECIL. Hence, Exemption is claimed under section 8(1) (d) of RTI ACT, 2005," it said.

In response to the purchase order copies, ECIL's central public information officer said the information is "voluminous" which would disproportionately divert the resources of the Public Authority.

"Further, the information will give away the design details of EVM components. The same may pose a danger to the machines produced. Hence, the exemption is claimed U/s 7(9) and under section 8(1)(d) of RTI Act, 2005," ECIL said.

Section 8(1)(d) of the RTI Act exempts from disclosure the information, including commercial confidence, trade secrets or intellectual property, the disclosure of which would harm the competitive position of a third party, unless the competent authority is satisfied that larger public interest warrants the disclosure of such information.

Section 7(9) of the Act says the information shall ordinarily be provided in the form in which it is sought unless it would disproportionately divert the resources of the public authority or would be detrimental to the safety or preservation of the record in question.

"I don't know whose interests they are trying to protect against the right to know of close to a billion-strong electorate. ECIL said that disclosure of the purchase orders will reveal the design details of the components and this may pose a danger to the machines produced. ECIL did not upload even a signed copy of its reply on the RTI Online Portal," Nayak said.

He said it is reasonable to infer that the two companies are not manufacturing every single item of the EVM-VVPAT combo or else the two companies would have replied that they are manufacturing all these components internally without any outsourcing being involved.

"But the electorate is expected to take everything about the voting machines based on what the ECI is claiming in its manuals and FAQs," Nayak said.

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April 29,2024

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In yet another setback to the Congress party amid the ongoing Lok Sabha elections, its candidate from Indore Akshay Kanti Bam withdrew his nomination on Monday, April 29, days before voting.

Interestingly, he had reached the Collector's office with BJP MLA Ramesh Mendola to withdraw his nomination. He also reportedly joined BJP. 

Senior BJP leader and state cabinet minister Kailash Vijayvargiya in a post on X said Bam was welcome to join the BJP.

"Congress Lok Sabha candidate from Indore Akshay Kanti Bam is welcome in the BJP under the leadership of Prime Minister Narendra Modi, party national president J P Nadda, Chief Minister Mohan Yadav and state president VD Sharma," he said in the post.

The Congress had fielded Bam against sitting BJP MP Shankar Lalwani from the Indore Lok Sabha seat, where polling will be held on May 13.

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