NEW DELHI (PTI): A Japanese Official has said that 1995 would herald a major upswing in Japanese investments in India if the Present pace of Liberalization process is maintained.
Eme Yamashita chairman of the Japan-India Business Cooperation Committee (BCC) and a counsel for in the world order stud) association told the Economic Times though 1994 could see some Japanese investment in the country things would move on to a remarkable level only in 1995.
There has been a steady increase in Japanese investment in the country over the years especially in 1992 when it increased 100 times over that in 1990. Investments however came down in 1993.
But 1994 promises to reverse the situation and by 1995 India is expected to be a major destination for Japanese investment he told the paper.
The dawn in India starts now and in the next five years India will receive major investments from outside the country and will be an economic power to reckon with.
He said China has been the topmost country as far as foreign investment flow was concerned in the past three years. But India is all set to catch up if the process of Liberalization continues.
Yamashita who also led the Japanese economic mission meeting with the minister of state for industry Krishna Sahi last week said now was the time for an increased flow of investment from the Japanese€ private sector in to this country
More and more joint ventures particularly in the field of manufacturing sector electronics automobiles and automobile parts machinery petrochemicals and energy are in the offing Yamashitra told the daily.
Article extracted from this publication >> March 18, 1994
