India Can Get Billions of Dollars in FDI from Japan: Chanda Kochhar
When asked what role ICICI can play, she said: "We can play a very significant role in funding lots of Japanese investments that would come to India. We are working with Japanese Bank of International Cooperation in areas including export credit guarantees.
"All India needs to do is focus on making its business environment more friendly. There is a very big opportunity for expanding Indo-Japan economic relations. They (Japanese investors) are looking for clarity in policy regime and improvement in ease of doing business."
She added: "Prime Minister has promised to do the needful. He gave an inspiring speech before Japanese and Indian businessmen and said that he has dealt with Japanese investors in a big way during his tenure as Chief Minister of Gujarat. He said that the kind of environment Japanese investors were provided in Gujarat, the same would be replicated at the national level now," Kochhar said.
On major sectors that can attract investments from Japan, Kochhar said there were a lot of such potential avenues and infrastructure as such was a very big arena for such investments.
She listed areas such as railways, ports, urban development projects and smart cities, saying that the Indian government has pegged $1 trillion investment potential for the infrastructure sector itself.
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