Modi to take India’s business elite to Japan

India’s business bonding with Japan is set to move into a higher trajectory, with Prime Minister Narendra Modi taking the elite of India’s corporate world with him on his maiden trip to Tokyo.

It’s probably the first time an Indian prime minister will be accompanied by such a large and high-power business delegation that includes a veritable who’s who of India’s business world. This 20-plus member business delegation includes Indian industry giants such as 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 included in the delegation are: 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, Ambuja Neotia 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.

During the visit of Prime Minister Modi, India-Japan CEO Forum will also hold a meeting to map out ways for enhancing business ties between the two countries.

New Delhi and Tokyo are already cooperating to build the Delhi-Mumbai Industrial Corridor (DMIC) project, a 1,483 kilometre dedicated freight corridor. India has also sought Japanese investment for the 100 smart cities the government plans to build.

Currently, about 1000 Japanese companies have a presence in India. Japan is also one of the largest source of foreign direct investment into India, with Japanese companies pouring in USD 16.26 billion worth of investment between April 2000 and April 2014.

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