After all his official engagements got over in Tokyo, Prime Minister Narendra Modi met with Indian business leaders on Tuesday night for a feedback session on the massive investment promised in India by the Japanese side.
Baba Kalyani, Sunil Mittal, Azim Premji, Kiran Mazumdar-Shaw, Shashi Ruia, Gautam Adani, S. Ramadorai, Chanda Kochar, Ajay Shriram, A.M. Naik, Rajeev Modi, Hari Bhartia, Pawan Munjal, Vikram Kirloskar, R.C. Bhargava, D. Saraf and Sunil Srivastava met Mr. Modi in Tokyo for the review.
Quite apart from the fast-track channel that is to be set up in the Prime Minister’s Office, the Indian business leaders themselves will keep a watch on the flow of investment from Japan. As much as Rs. 2.1 lakh crore worth of investment — in the private and public spheres — has been pledged by the Japanese government in India over five years.
A person familiar with the issue said the India-Japan CEO Forum, which is headed by Baba Kalyani of Bharat Forge, would have a formal session before the summit meeting of Prime Ministers Narendra Modi and Shinzo Abe in Delhi next year.
The business leaders, who were all praise for Mr. Modi’s Japan visit, also raised issues relating to the Companies Act as well as the process of land acquisition with Mr. Modi during the meeting .
