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they don't like colored people providing them food or care.Hari Seldon wrote:Am sure our kerala nurses could do a world of good in japan... anyday better than slaving away in ze gulf. If only movement of labor could be eased but japan is that way a famously homogeneous and notoriously insular place...
I think BS is spread so that anything less than that will be considered underachievement and word will be spread not only in desi media as well as in international media that Modi is just another SDRE who can not persuade his buddy(Abe) to invest in India. May be to stop or dent FII which flowing into Indian market since formation of new govt.SSridhar wrote:I sincerely doubt the veracity of $1.7 trillion fund. India would never have asked for a blanket cheque like that. We have never done that even when we were down the dumps in the 60s. Plain BS spread with a motive.
Sirji,SSridhar wrote:I sincerely doubt the veracity of $1.7 trillion fund. India would never have asked for a blanket cheque like that. We have never done that even when we were down the dumps in the 60s. Plain BS spread with a motive.
This is the first time I've seen any reference to such a fund. Modi himself has not mentioned any such thing either. Sounds like a media creation.SSridhar wrote:I sincerely doubt the veracity of $1.7 trillion fund. India would never have asked for a blanket cheque like that. We have never done that even when we were down the dumps in the 60s. Plain BS spread with a motive.
Its dangerous in the sense that it would lead to higher inflation and would end up with endless money printing with ZRIP and create bubbles the economy , making its economy less competitive and vibrant. Specially when we know that currently Japanese economy is not doing well.KrishG wrote: Except the fact that the majority of Japanese debt is internal debt i.e. Japanese government owns money to it's own people. This is considerably less dangerous than debt held outside the country.
The more than 20-member business delegation includes almost every big name in Indian industry and comprises Mukesh Ambani, chairman, Reliance Industries, Gautam Adani, chairman, Adani Group, Kumar Mangalam Birla, chairman, AV Birla Group, Hari Bhartia, co-chairman & MD, Jubilant Bhartia Group, Sunil Mittal, chairman, Bharti Enterprise, Pawan Munjal, vice-chairman and MD, Hero Motocorp, Shashi Ruia, chairman, Essar Group and Azim Premji, chairman, Wipro.
Other leading industrialists and executives in the delegation include Dilip Shanghvi, vice chairman, Sun Pharmaceuticals, Baba Kalyani, chairman, Kalyani Group, AM Naik, chairman & MD, Larsen & Toubro, Kiran Mazumdar Shaw, CMD, Biocon, Chanda Kochhar, MD & CEO, ICICI Bank, S Ramadorai, vice chairman, TCS, Harsh Neotia, chairman, AmbujaNeotia Group, RC Bhargava, chairman, Maruti Suzuki, Rajiv Modi, chairman & MD, Cadila Pharmaceuticals, DK Sarraf, CMD, ONGC, Sunil Srivastava, CMD, Indian Oil Corporation, Ajay Shiram, chairman, DCM Shriram and Talleen Kumar, MD & CEO, Delhi Mumbai Industrial & Development Corporation.
PM Modi's Japan Visit: Shinzo Abe dividing China, India says report
BEIJING: Accusing Japanese Prime Minister Shinzo Abe of "dividing" China and India, a state-run Chinese daily today said Indo-Japan ties face "huge uncertainty" in view of rise of BRICS and emerging Sino-Indian cooperation.
"BRICS (Brazil, Russia, India, China and South Africa) agreed establish their own development bank, ushering Sino-Indian strategic cooperation into a new historical era," said an article in the state-run Global Times' web edition on the current visit of Prime Mini ..
Read more at:
http://economictimes.indiatimes.com/art ... aign=cppst
One thing I have learned about DIE media: never believe the headline, always read the article closely to ascertain what was said or not said. Even then, beware of sloppy paraphrasing or just plain lying.SSridhar wrote:I sincerely doubt the veracity of $1.7 trillion fund. India would never have asked for a blanket cheque like that. We have never done that even when we were down the dumps in the 60s. Plain BS spread with a motive.
Japan will provide loans worth 140 million dollars to India to help the south Asian country ease its chronic power shortage.
Japanese and Indian officials are to sign the financial deal in Tokyo on Monday. India's Prime Minister Narenda Modi is now visiting Japan.
Sources say the government-backed Japan Bank for International Cooperation, or JBIC, and the private-sector Tokyo-Mitsubishi UFJ bank will work together with an Indian lender to make the loans at low interest rates.
The Indian side will use the funds to buy parts for thermal power systems, including highly efficient turbines developed by Japan's electronics giant Toshiba.
JBIC officials say the deal will further promote economic ties between the 2 countries as it will improve India's industrial infrastructure, making it easier for Japanese companies to do business there.
They say the funding is also likely to encourage Indian imports of Japanese high-tech products.
Japanese companies will get speedy clearance - PTI, ETJapanese Prime Minister Shinzo Abe will tell his Indian counterpart Narendra Modi at a summit on Monday that Japan aims to double its direct investment in India in five years from some $2 billion last year, the Nikkei business daily reported.
The two leaders are also likely to agree to speed up talks on a nuclear energy pact, the Nikkei said, although hopes of striking a similar accord to one reached with the United States in 2008 had faded in the run-up to the visit.
Japan wants explicit guarantees from India, which has not signed the nuclear non-proliferation treaty, to limit atomic tests and allow closer inspection of its facilities to ensure that spent fuel is not used to make bombs. Japanese firms also want clarity on on nuclear disaster compensation, especially in the wake of the March 2011 Fukushima catastrophe.
In a sign of their close ties, the two leaders greeted each other with a bear hug when they met on Saturday in Japan's ancient capital of Kyoto for an informal dinner. Modi is one of three people that Abe follows on Twitter, while the Indian leader admires Abe's brand of nationalist politics.
Holding that the environment of "disappointment" was over, Prime Minister Narendra Modi today invited Japanese businesses to join India's developmental efforts with a promise of non-discriminatory and speedy clearances and announced setting up of a Special Management Team under PMO to facilitate business from Japan.
Addressing top business leaders of Japan and India here, Modi flagged the recent decisions to liberalise FDI policy in the railways, defence and insurance and said rules and laws are being changed in India which would show results in the near future.
Inviting Japanese businesses, particularly to infrastructure and clean energy sectors, the Prime Minister asked them to keep in mind the Gujarat experience.
He promised single-window clearances, speedy decision- making which is non-discriminatory in nature.
He said two representatives of Japanese business can be part of an Indian team which decides on business proposals. They can be permanently part of this decision making.
Prime Minister Narendra Modi today deplored the "expansionist" tendency among some countries which "encroach" upon seas of others, in oblique comments against China which is having a maritime dispute with Japan.
"The whole world accepts that the 21st century will belong to Asia. But I have a question. How should the 21st century be? We have to give an answer to this. It will depend on how deep and progressive our relationship (between India and Japan) is," he said addressing business leaders of India and Japan here.
"We have to decide if we want to have 'vikas vaad' (development) or 'vistar vaad' (expansionism) which leads to disintegration. Those who follow the path of Buddha and have faith on 'vikas vaad', they develop. But we see, those having ideas of the 18th century, engage in encroachments and enter seas (of others)," he said.
He did not name any country but the comments may be seen as targeting China which is engaged in territorial disputes with a number of its neighbours, including India, Japan and some others including Vietnam.
Hmm..That's sobering. I was looking for something like 10X or rather 50X...especially if some joint military production could be identified. It seems that despite strong leader to leader relations and convergence of views in strategic spheres, Tokoyo wants to test the waters before committing big time. I like that Modi is committed to removing hurdles for Japanese companies to invest in. Japan should help build the electronics manufacturing eco system in India to rival Taiwan and China. Will benefit both countries and can substantially increase bilateral trade. Another is joint production of military hardware - the ones for purely defence uses such as reconnaissance, disaster relief, etc.SSridhar wrote:Japan aims to double India investments in 5 years: Report - Reuters, ET
Japanese Prime Minister Shinzo Abe will tell his Indian counterpart Narendra Modi at a summit on Monday that Japan aims to double its direct investment in India in five years from some $2 billion last year, the Nikkei business daily reported.
I think the report means that Japan will put in as much money in the next 5 years as they have put in historically so far. Which is not so bad if you consider depreciation etc.schinnas wrote:Hmm..That's sobering. I was looking for something like 10X or rather 50X...especially if some joint military production could be identified. It seems that despite strong leader to leader relations and convergence of views in strategic spheres, Tokoyo wants to test the waters before committing big time. I like that Modi is committed to removing hurdles for Japanese companies to invest in. Japan should help build the electronics manufacturing eco system in India to rival Taiwan and China. Will benefit both countries and can substantially increase bilateral trade. Another is joint production of military hardware - the ones for purely defence uses such as reconnaissance, disaster relief, etc.SSridhar wrote:Japan aims to double India investments in 5 years: Report - Reuters, ET
Japanese Prime Minister Shinzo Abe will tell his Indian counterpart Narendra Modi at a summit on Monday that Japan aims to double its direct investment in India in five years from some $2 billion last year, the Nikkei business daily reported.
In a big boost to India's focus on building infrastructure, Japan on Monday promised to give 3.5 trillion yen (over $33.58 billion) to finance projects including infrastructure and building of smart cities.
Japan also expressed readiness to provide financial, technical and operational support to introduce bullet trains in India. Japan will remove six of India's space and defence-related entities from Japan's Foreign End User List.
Addressing a joint press conference with Prime Minister Narendra Modi, Japan Prime Minister Shinzo Abe said, "We have decided to pursue comprehensive defence and security cooperation."
Thanking Abe for his invitation to visit Japan within 100 days of the NDA government, PM Modi said, "Japanese PM Shinzo Abe has promised to participate in India's 'inclusive growth' agenda in a new manner." "India's friendship with Japan has strengthened over a period of time. India and Japan's spiritual partnership is not bound by time," Modi said.
Stressing that India's ties with Japan are not restricted to economic and political sphere, Modi said, "In near future, Japan will play a key role in India's inclusive development. We have decided to pave the way for a special global partnership with Japan." "We have agreed to work on regional co-operation and strategic partnership," Modi added.
Earlier in the day, Modi inviting Japanese investment into India saying, "We developed deep relations with Japanese companies in Gujarat. In the coming days you'll get the same speed and response that you have experienced in Gujarat in the past."
Addressing the Japan Chamber of Commerce and Industry in Tokyo, Modi sought to promise investors of better investment environment and speedy decisions. "India-Japan have a responsibility beyond that of bilateral relations. Indian & Japanese businessmen can give a direction to world economy," Modi stressed. "We give Japanese banks permission to open more branches in India," Modi added.
MUMBAI: State Bank of India (SBI) and Japan Bank for International Cooperation (JBIC) - the Japanese export credit institution today signed a loan agreement to set up an export credit line. The loan is co-financed with the Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) which brings the total co-financing amount to JPY 13.5 billion and $ 21 million
This credit line will be utilized by Meja Urja Nigam Private Ltd (MUNPL) to finance the procurement of steam turbine generator equipments from Japanese Company and its subsidiary in India to construct a super critical pressure coal-fired power plant (660MWx2 units) in Meja, Uttar Pradesh. MUNPL is a joint venture equally invested by NTPC Ltd and UP Rajya Vidyut Utpadan Nigam Ltd.
India and Japan on Monday decided to “upgrade” and “strengthen” their defence cooperation as they asked officials to launch consultations to promote military equipment collaboration and accelerate discussions on modalities for the sale of Japanese US—2 amphibian aircraft.
The decision to firm—up defence ties came after Prime Minister Narendra Modi held summit—level talks with his Japanese counterpart Shinzo Abe here.
“The two Prime Ministers reaffirmed the importance of defence relations between India and Japan in their strategic partnership and decided to upgrade and strengthen them,” a joint statement issued after the talks said.
The two sides signed a Memorandum of Cooperation and Exchanges in the Field of Defence during Prime Minister Modi’s five—day visit.
“We intend to give a new thrust and direction to our defence cooperation, including collaboration in defence technology and equipment, given our shared interest in peace and stability and maritime security. We have also decided to expand our cooperation in advanced technology, science and technology, people—to—people exchanges, educational exchanges, etc,” Modi said at the joint press briefing with Abe.
The two sides stressed on the importance of the regularisation of bilateral maritime exercises as well as on Japan’s continued participation in India—US Malabar series of exercises.
Prime Minister Modi welcomed the recent developments in Japan’s policy on transfer of defence equipment and technology.
“The two Prime Ministers expressed hope that this would usher in a new era of cooperation in defence equipment and technology. They recognised the enormous future potential for transfer and collaborative projects in defence equipment and technology between the two countries,” the statement said.
India and Japan directed their officials to launch working—level consultations between the two countries with a view to promoting defence equipment and technology cooperation.
The two sides also decided to accelerate their discussions in the Joint Working Group on cooperation in US—2 amphibian aircraft and its technology {This points to manufacture in India, a point which India has been insisting upon}.
India and Japan on Monday decided to accelerate negotiations on a civil nuclear deal to conclude it at an early date even as Tokyo removed six Indian space and defence—related entities from its end-user list.
Affirming the importance of civil nuclear cooperation between the two countries, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe welcomed the significant progress in negotiations on the Agreement for Cooperation in the Peaceful Uses of Nuclear Energy.
The two leaders directed their officials to further accelerate the negotiations with a view to concluding the agreement at an early date, and strengthen the two countries’ partnership in non—proliferation and nuclear safety, a joint statement issued after the bilateral talks here said.
Addressing a joint press briefing with Abe, Prime Minister Modi said, “In recent months, we have made significant progress in our negotiations on civil nuclear cooperation. Today, we have discussed this issue at length. We have reached better understanding of each other’s positions through this discussion.
“We have agreed to instruct our negotiators to work expeditiously to conclude the negotiations at an early date so that we can further strengthen our strategic partnership.”
Japanese Prime Minister Abe commended India’s efforts in the field of non—proliferation including the affirmation that goods and technologies transferred from Japan would not be used for delivery systems for WMD (weapon of mass destruction). {The contours of the conditions are becoming clear now.
Modi also appreciated the decision of Japan Government to remove six of India’s space and defence—related entities from its Foreign End User List and said both the nations look forward to enhanced trade and collaboration in high technology.
The six companies removed from Japan’s end user list can now enter into transactions involving sensitive dual—use equipment, technology and software.
“Japan’s decision to remove several Indian entities from the Foreign End Users List, our MoU on defence exchanges and our intention to work out an agreement for collaboration on defence technologies reflect the new level of mutual trust and commitment to deepen our strategic partnership in all dimensions,” Modi said.
The two Prime Ministers affirmed their commitment to work together for India to become a full member in the four international export control regimes: Nuclear Suppliers Group, Missile Technology Control Regime, Wassenaar Arrangement and Australia Group, with the aim of strengthening the international non—proliferation efforts.
Good to know but I feel we need even more of such schools and facilities. The gap is large when compared to the number of people in India fluent in French or German or even Italian. Some of this observation is based on personal experience in hiring for my teams.SSridhar wrote:^Plenty, I would say. There are at least 3 in my neighbourhood alone. And, they always run full.
Investing almost always follows the bandwagon approach. The initial figure never presents the full picture. It's much better to have several initial firm commitments of a smaller quantum than expansive LoIs for much larger sums that never fructify.schinnas wrote:Hmm..That's sobering. I was looking for something like 10X or rather 50X...especially if some joint military production could be identified. It seems that despite strong leader to leader relations and convergence of views in strategic spheres, Tokoyo wants to test the waters before committing big time. I like that Modi is committed to removing hurdles for Japanese companies to invest in. Japan should help build the electronics manufacturing eco system in India to rival Taiwan and China. Will benefit both countries and can substantially increase bilateral trade. Another is joint production of military hardware - the ones for purely defence uses such as reconnaissance, disaster relief, etc.SSridhar wrote:Japan aims to double India investments in 5 years: Report - Reuters, ET
Japanese Prime Minister Shinzo Abe will tell his Indian counterpart Narendra Modi at a summit on Monday that Japan aims to double its direct investment in India in five years from some $2 billion last year, the Nikkei business daily reported.
Great speech by Modi. Finally an Indian PM who understands what is at stake i.e. the importance of energy security, the fact that India is hydrocarbon poor relative to its population, that its population of 1250 million can be a liability if it is not harnessed via skills development. Interesting snippets:pankajs wrote:Prime Minister Narendra Modi today regaled business leaders in Tokyo with his attempts to "replicate Japan-like efficiency" in his office and the government. He also announced a special team under the Prime Minister's Office to facilitate Japanese investments in India. "We have initiated the Japanese form of management in the Prime Minister's Office," Mr Modi said, addressing Indian and Japanese business leaders at a luncheon.
Updated: With video of the full program
Due to the debt situation, John mauldin has described Japan as a mosquito insearch of a windshield!.Austin wrote:ccr wrote: Why would you say that?
Japans debt is 1/5th the US, 1/3rd the UK's, 1/2 of Germany's or France's. They are a larger economy than any of those EU nations. Their trade deficit is 1/5th that of India.
the reason for this has not been analyzed, I think Mukesh MAY have got the message that Reliance is not likely to be the main partner in the bullet train venture, considering they made the mumbai metro ?Rony wrote:Mukesh Ambani drops out of PM's delegation to Japan
Ambani, who was to be part of a group of industrialists accompanying Modi on his first major bilateral visit, outside the sub-continent, sent regrets, government sources said.While the sources gave no reasons for the move, an RIL spokesperson did not offer any comments.
They don't need our tech. They can build a thermo nuke in 3 months and they have an enormous supply of PU nad they have a delivery system as wellRoyG wrote:Japan will eventually need a smiling buddha of their own. The Americans aren't dependable in this area. We have a real chance to transfer some know how to them especially if we test and operationalize our thermonuke designs sitting in cold storage. There needs to be a joint program on a laser ignition facility to validate our stock and conduct fusion research. We also need to work with them on lead and MSR fast reactors. They are sitting on hundreds of tons of plutonium.