Business

Lockdown Blues: Japan Wants India To Help Its Firms Resume Operations

By
OB Bureau

New Delhi: Japan wants the Indian government to grant permission to Japanese companies vis-à-vis resuming their operations in India.

Japan’s foreign minister Motegi Toshimitsu conveyed the message to Indian external affairs minister S. Jaishankar during a telephonic conversation, according to a statement released by Japan’s foreign ministry.

Outlining Tokyo’s priorities, the Japanese minister “also requested cooperation for the resumption of activities by Japanese companies in India,” the statement said.

There are about 1,400 Japanese firms in India, The Wire reported.

Jaishankar tweeted that the discussion with his Japanese counterpart “also dwelled on economic recovery challenges including supply chain resilience.”

The Indian government announced a nationwide lockdown from March 25 to curb the spread of novel coronavirus outbreak. Consequently, economic activity has come to standstill, especially in non-essential sectors.

Some relaxations have been granted in the ongoing third phase of lockdown, but manufacturing units are facing a gigantic challenge to reopen.

Japan is involved in the ambitious Ahmedabad-Mumbai High Speed Rail project, as well as development of Western Dedicated Freight Corridor (DFC), Delhi-Mumbai Industrial Corridor with 12 industrial townships and Chennai-Bengaluru Industrial Corridor (CBIC).

OB Bureau

Recent Posts

Man Stabs Brother-In-Law To Death In Odisha’s Sundargarh

Sundargarh: Police arrested a man for allegedly killing his brother-in-law for torturing his sister in…

March 28, 2024

Heavyweight Collaboration: In A First, Reliance Picks Up 26% Stake In Adani Power Project

Mumbai: This is what you call a heavyweight collaboration. In a first-of-its-kind collaboration between rival…

March 28, 2024

PDS Queues Longer, Market Price Of Rice Higher As Kashmir Ditches Paddy For Apple Crop, Urbanisation

Mohammad Aatif Ammad Kanth Anantnag (Jammu & Kashmir): On a chilly winter morning, Irshad Bhat…

March 28, 2024

Odisha Polls: Former Chitrakonda MLA Dambaru Sisa Resigns From BJD

Bhubaneswar: The former MLA of BJD from Chitrakonda in Odisha's Malkangiri district, Dambaru Sisa, on…

March 28, 2024

LS Polls: JMM Nominates Anjani Soren For Odisha’s Mayurbhanj Seat

Bhubaneswar: The Jharkhand Mukti Morcha (JMM) has announced Anjani Soren as its candidate for Lok…

March 28, 2024

IESA Signs MoU With Bhubaneswar’s BCKIC To Work In Critical Minerals & Energy Sector

Bhubaneswar: India Energy Storage Alliance (IESA) signed a Memorandum of Understanding with Bhubaneswar City Knowledge…

March 28, 2024

Vigilance Nabs OSD In Odisha’s Nuapada Collectorate While Taking Bribe Of Rs 30,000

Bhubaneswar: Odisha Vigilance on Thursday apprehended an officer in the collectorate of Nuapada district while…

March 28, 2024

Odisha Javelin Star Kishore Jena Set For Diamond League Debut; Neeraj Chopra Among Strong Field

Bhubaneswar: Odisha’s star javelin thrower Kishore Jena had a stellar season in 2023. And he’s…

March 28, 2024