PM Invites Japanese Businesses; Promises Speedy Clearances

While wooing Japanese businesses, Modi cited the latest growth figures of 5.7 percent in the first quarter of this financial year and suggested that the phase of disappointment was over.

"See the work done in 100 days of my government. Earlier, the GDP used to hover around 5-5.4 percent and led to an environment of disappointment...But in the first quarter of our government, there has been a growth of 5.7 percent. It is a big jump. Now there is renewed hope," he said.

Targeting the previous Manmohan Singh government, he said the situation was bad for one decade. He specifically mentioned the UPA government's 'Go, No-Go' policy with regard to environmental clearances and said it would put anybody in a "dilemma" with regard to taking any decision.

He said India, after 30 years, has a government with full majority, which puts increased responsibility on the government to deliver as 125 crore people of the country have an urge to see the quality of life change.

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.

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