Indo-Japan trade to touch USD 20 billion by 2010

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Kolkata, Dec 13 (UNI) Indo-Japan trade volume is expected to cross USD 20 billion by 2010, said Japan Consul General Noro Motoyoshi here today.

Talking to mediapersons, Mr Motoyoshi said trade between the two countries was growing rapidly and there were lots of opportunities in the area of energy-efficient and environment-friendly technologies.

The trade volume in 2006 was 8.6 USD billion,he informed.

He also informed that the Indian export to Japan last fiscal was USD 2.81 billion dollar, a 13 per cent increase from 2005-06.

Talking about opportunities in West Bengal, Mr Motoyoshi, quoting Prime Minister Shinzo Abe's comment during his recent visit to India, said Japan looks up to the state as India's gateway.

Earlier, the state government had inked several deals with the Japanese government to construct 72 flyovers, East West Metro, Joka-Panihati Mass Rapid Transit System and development of ferry services.

The Japan Bank for International Cooperation had already provided a loan of Rs 5809.2 crores and the feasibilty report of the projects had already been submitted to the government.

He also informed that the Japan government was encouraging their students to go for higher studies in India instead of going to US or London, as education is cheaper and better in India.

UNI

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