Thursday, February 21, 2013

India and Japan bilateral trade targeted to grow to $25 billion by 2014-

The Federation of Andhra Pradesh Chambers of Commerce & Industry organized an interactive meeting with Mr. Yoshifumi Watanabe, Foreign Business Division, Commerce, Industry & Labor Bureau, Hiroshima Prefectural Government, Japan today February 20, 2013 at Federation House, Red Hills, Hyderabad.

Mr. Devendra Surana, President, FAPCCI, Mr. Ravindra Kalur, President, AOTS Alumni Society, A.P. Chapter, Mr. Srinivas Ayyadevara, Senior Vice President, FAPCCI, Mr. Shiv Kumar Rungta, Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade Committee, FAPCCI and Mr. Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI have spoke at the occasion.

Mr. Yoshifumi Watanabe stated that the India and Japan bilateral trade was $17.8 billion was reached in 2011 and is targeted to grow to $25 billion by 2014.  The India Japan CEPA which came in force from August, 2011 assumes major significance, as it provides increased access to each other’s market for goods by eliminating tariff. Foreign direct investment from Japan to India between April 2000 and April 2012 was $ 12.3 billion - putting Japan in fourth place after Mauritius, Singapore and Britain.

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