India seeks Japanese investment in smart cities, bullet trains

Tags: News
India today sought Japanese investment to develop 100 smart cities and high-speed bullet trains to improve infrastructure and create jobs.

"Japan is a natural partner of India. Japan is best in developing smart cities, development of high-speed trains...In the next five years, we need 10,000 Japanese companies. We will hand-hold them," Amitabh Kant, Secretary in the Department of Industrial Policy and Promotion, said at a Ficci function.

Kant said Japan has already formed a partnership with India for the Delhi-Mumbai Industrial Corridor (DMIC) project, a 1,483 kilometre dedicated freight corridor.

He said about 1,000 Japanese companies currently have a presence in India.

In its election manifesto, the ruling Bharatiya Janata Party said it would initiate the building of 100 new cities, enabled with the latest in technology and infrastructure.

India has proposed to build smart cities under the DMIC project. They will have self-sustainable habitats with minimal pollution levels, maximum recycling, optimised energy supplies and efficient public transportation.

"Rapid urbanisation is happening in India. About 750 million people would get into the urbanisation process in the next one decade and in all these things, Japan will be a natural partner," he added.

He said Japan would become a key player in the development of the Indian economy.

"Today, there is an opportunity to work with Japan. We look forward to work with Japan," he said.

India received $ 16.26 billion worth of foreign direct investment from Japan between April 2000 and April 2014.


  • The govt should build on the feel good season to bolster its economic agenda

    There are two pieces of good news to ring in the festive season beginning this Dusshera.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Sachin Shridhar

Reordering the world order on cheap money

When you produce something, just about anything, capital is ...

Rajgopal Nidamboor

Of archetypes, not stereotypes

It is not that devising technologies, or progress, is a ...

Dharmendra Khandal

Use technology wisely to save earth's treasures

Wildlife biologists are certainly getting inspired by our armed forces’ ...


William D. Green

Chairman & CEO, Accenture