Prime Minister Narendra Modi Monday sought to attract Japanese investors to India, stating that he knew what kind of coordination is needed between investors and the government for development.
"I understand the coordination needed between government and investors," Modi, speaking in Hindi, said at a luncheon hosted by the Keidanren or the Japanese Chamber of Commerce and Industry and the Japan-India Business Cooperation Committee.
Stating that he had worked with Japanese businessmen when he was chief minister of Gujarat, he said: "Japanese people who have worked in Gujarat know better than me about the Gujarat model of development."
"While working in Gujarat, I interacted with the industrial houses and business groups from Japan the most. In the last six or seven years, there has been hardly a week, when a delegation from Japan was not on a visit to Gujarat," Modi said.
"Thanks to this relationship, I understand aspects like how the vision of those in the government should be, the initiatives that need to be taken to ensure ease of business, steps important for simplification of policies. In addition, I also started understanding Japan specific requirements."
Talking about the first 100 days of the BJP government in power, he said he has made the Prime Minister's Office more efficient.
"The 5.7 percent growth rate in the first quarter of this fiscal reflects this," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
