Need to deepen India-Japan Cooperation in Energy Sector: Goyal

Union Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy Piyush Goyal has reiterated the need to deepen the cooperation in the energy sector between India and Japan.

He was speaking during his second bilateral meeting with Motoo Hayashi, Minister of Ministry of Economy, Trade and Industry (METI) in Tokyo today.

Goyal, who is presently in Tokyo to attend the eighth India-Japan Energy Dialogue, said that the cooperation in energy sector should be such that Japanese technology and capital can be dovetailed with Indian high skilled human resources and 'Make in India' to create partnerships not only for the mutual benefit but also for benefit to the world.

He further added this resonates with the Prime Minister Narendra Modi's vision and to make India the manufacturing hub of the world.

Goyal and Hayashi reaffirmed their desire to significantly increase the engagement between the two countries in the areas of energy, including renewable energy and energy efficient technologies.

They agreed to have frequent discussions between the Working Groups set up, through video conferences and bilateral visits so that issues related to mutual business opportunities could be taken forward expeditiously. The two ministers agreed that such mutual engagement must result in concrete outcomes that can be showcased during the annual summit meeting between the two Prime Ministers.

The Minister of State for Power, Coal, New and Renewable Energy referring to the ambitious 175 GW renewable energy programme and the largest LED programme in the world, underlined the fact that energy efficiency and renewable energy are two key thrust areas and the potential for use of Japanese technologies is significant.

India presents one of the large and fastest growing markets for Japanese cutting edge technologies and India will be keen to promote such technologies that could be of mutual benefit to both sides.

He also extended his personal invitation to Minister Hayashi to lead a high level METI delegation to the upcoming 'Make in India' week between 13-18 February in Mumbai.