📩 29/11/2018 20:24
Indian Railway Minister encourages Japanese pension funds to invest in railways: Japan is the country with the largest pension funds in the world, after the USA, with a share of about 12%. Stating that India is trying to increase its investments in railway infrastructure to about $ 140 billion in the next few years, Railways Minister Suresh Prabhu has invited Japan's pension funds to invest in the country's railways. In his speech at the conference titled India-Japan Economic Relations: Mutual Dimensions organized by the Indian Council for Research on International Economic Relations (ICRIER), Prabhu stated that “Japan has huge pension funds and can make this investment for long-term mutual benefits. .
He stated that they will invest around 20 billion in this fiscal year and this amount will increase in the coming years. He added that many global companies are planning to invest in India and that Japanese companies can be a part of it.
According to the head of the Asian Development Bank Institute Naoyuki Yoshino, Japan's pension funds are around 140 trillion Yen. Prabhu also stated that the railways are state-owned and that the capital is guaranteed and that the return is guaranteed.
Japanese Ambassador Takeshi Yagi, who spoke at the ICRIER conference, said that they were very much influenced by the Indian political initiatives and would take steps to encourage investment.
The conference, which was attended by our consultancy, was also given information about the activities carried out in India by JETRO-Japan External Trade Organization, JICA-Japan International Cooperation. More than 1200 Japanese companies are actively operating in India. 51% of these companies are reported to be operating in the manufacturing sector. Since 2006, Japan's interest in India has increased, and especially after the visit of the Prime Minister in 2009, the India Japan Development Fund has been established and a Memorandum of Understanding has been signed on DMIC - Delhi Mumbai Industrial Corridors.