Mitsubishi Chief Ken Kobayashi Meets Modi

Wednesday, 30 July 2014, 10:47 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

NEW DELHI: Ken Kobayashi, president and CEO of Mitsubishi Corporation, met Prime Minister Narendra Modi. This is the second high-profile visit by a Japanese industrialist after Modi took over as PM. The chairman of Japanese clothing chain Uniqlo, Tadashi Yanai, had met the PM last month.

A government statement said Kobayashi gave an overview of the activities of Mitsubishi Corporation in India. The 65-year-old has been associated with Mitsubishi since 1971 and rose to the top in 2010.

The visits of the Japanese corporate leaders are significant in the light of Modi’s proposed visit to Japan in the last of August. Modi was scheduled to make Japan his first international outing after becoming the PM, but the dates had to be changed for various reasons including the Budget session and a lack of preparation by some government departments. He went to Bhutan in his first trip as PM, followed by Brazil for the BRICS (Brazil, Russia, India, China, South Africa) summit. Modi is expected to visit Nepal as well before he takes up the Japan trip.

Trade, investment as well as defence issues are expected to be on Modi’s agenda for Japan, a country he has visited many times as Gujarat chief minister.

“The Japan-centric vision of the current government is becoming increasingly apparent,” said an official who did not wish to be named. There is a high level of comfort between the two sides and it is part of a strategic vision to counter China, he pointed out.

Mitsubishi is a $250-billion Tokyo-based privately-held conglomerate, which is into shipbuilding, construction, heavy industries, electronics, mining, telecom, financial services, automotive, aviation, steel, chemicals, and food & beverages, among others.

When Yanai of Uniqlo met the PM last month, he had talked about the group’s business interest and multi-billion investment plans in India. Yanai’s was the first high-profile meeting by an international business leader after Modi took charge as PM. Uniqlo is looking to source garments from India for exporting to other countries; it has set up single-brand retail stores in the country.
Read Also: Taxmen To Keep Close Eye On Pay, Perks Of Corporate Bosses
5 Most Controversial Products of All Time

Source: PTI
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..