Kamal Nath urges Japan to invest in India

New Delhi, Sep 25 (UNI) Minister of Commerce and Industry Kamal Nath today urged the Japanese small and medium enterprises (SMEs) to invest and set up incubation facilities to tap the real potential of the country.

''Japan's capital and technology combined with the country's human resources and business prospects will be a winning combination,'' Mr Nath told reporters here.

He indicated some of the areas, in which Japanese businesses have tremendous opportunity to earn profit, like infrastructure, power, manufacturing, banking and financial services, insurance, real estate and construction, retail, tourism and oil and gas exploration.

Speaking at the 'India-Japan Economic Partnership Meet' organised by FICCI, Mr Nath expressing concerns on low trade and investments between both the countries and highlighted the need to widen the trade basket.

He suggested that the Japanese corporates should look towards BPO, KPO and EPO operations in the country to reduce their cost and enhance their global competitiveness.

Mr Nath informed the delegation total investment opportunity of 500 billion dollars in the next five years in major economic activites, of which 250 billion dollars investment opportunities exist in infrastructure sector alone.

Power sector provides opportunities of 200 billion dollars by 2012 for an additional 100,000 MW capacity, he said.

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