Pradhan seeks Japanese investment in energy, steel sectors
His remarks came in a series of tweets after meeting a Japanese delegation.
Several leading Japanese companies have tied up with Indian steel firms, Pradhan said while inviting them to invest in India and leverage its huge growing market. Advertisement
"Invited Japan to partner in growth of hydrocarbons and steel sectors as India is working on building a USD 5 trillion economy by 2024, as envisioned by Hon. PM Shri @narendramodi. Also invited Japanese companies to participate in massive investments of USD 160 billion by 2024 in oil and gas exploration, refinery and setting up of natural gas infrastructure," the oil minister said in a tweet.
Both the countries have also agreed to work together to increase participation of Japanese companies to tap the huge potential in energy sector, especially in LNG business, gas hydrates as well as on the strategic petroleum reserves programme, Pradhan said."Fruitful meeting with H.E. Mr. Hiroshi Kajiyama @kajiyamahiroshi, Japanese METI. We discussed on enhancing composite engagement in both energy and steel sector to further help elevate the multidimensional bilateral ties between India and Japan. Japanese Minister H.E. @kajiyamahiroshi reiterated their interest in advancing the India-Japan cooperation in steel sector," he tweeted. ABI ANU ANU
(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)
- Assam suffers largest single-day spike with 177 cases, crosses 1000-mark: Officials
- WB COVID-19 death toll crosses 300-mark with 7 more fatalities; total cases 4,813
- 144 new COVID-19 cases in Assam; total rises to 1,024
- Odisha govt announces exemption of road tax for passenger buses
- Decision to reopen shrines would lead to spike in COVID-19 cases: WB BJP chief