IJCCI Industrial Delegation Visit to Japan:
A 22-Member Multi-Sector Delegation led by Mr. N. Kumar visited Tokyo, Yokohama, Osaka and Hiroshima between 26th and 30th September 2016.
Had business seminars/networking events. Paid Courtesy calls on Japanese and Indian Dignitaries. Moments captured in photos!

...

Courtesy call on H.E. Mr. Kiyoshi Odawara, Parliamentary Vice-Minister, MOFA

‘Doing Business in Yokohama’ – an eye-opener for me...
– P. Srijith

Delegation members with Hon’ble Mr. T. Armstrong Changsan,Indian Consul-General for Osaka – Kobe.

Courtesy call on H.E. Mr. Hidehiko Yuzaki,
Governor of Hiroshima Prefecture‘Minato Mirai’, a revolutionary project in Yokohama - A view from the 69th floor of the Landmark Tower,
the tallest building at 296 metres, provides a 360-degree, panoramic view of Yokohama city, the Yokohama
Bay Bridge, the Tokyo Tower and Mount Fuji.

At JCCI / TCCI Seminar

With the Heads of UNIDO & JMA, Tokyo“IJCCI’s planning and execution was greatly appreciated by the Indianand Japanese dignitaries”.
– Sanjay Parikh“We learnt many things from this trip...”– Padmanabhan R.

Courtesy call on H.E. Mr. Sujan R. Chinoy, Indian Ambassador to Japan.

With the Osaka Prefectural Govt Official Head,in charge of Commerce, Industry and Labour Bureau.

Consul-General of Japan in Chennai Hon’ble Mr. Seiji Baba hosted a dinner on successful completion of the delegation’s mission
on 22nd October. Also, Madame Atsuko Baba demonstrated the Japanese Tea Ceremony.

An Update on IndiaW

e are in the middle of thefinancial year 2016 -17. Abrief look at the performanceover the last few months sinceApril is a little encouraging.
The Indian economy is expected
to grow in the range of 7 to 7.75
percent in the financial year
2016-17, according to theEconomic Survey. The Indianeconomy stands out as a havenof macroeconomic stability,
resilience and optimism and canbe expected to register a GDP
growth that could be in the rangeof 7.0 per cent to 7.75 per centin the coming year. The GDP
during the period April-June grewby 7.1 per cent and the value
added in the manufacturing grewby 9.1 per cent.

The bilateral relations
between India and Japan isat its peak now. Our Prime Minister His Excellency Mr. Narendra
Modi’s visit to Japan in November this year and the historicsigning of Civil Nuclear Energy
between India and Japan will
h e l p I n d i a a c c e s s J a p a n ’snuclear market.
India is thefirst non-member of the nonproliferation treaty (NPT) to
have signed such a deal withJapan. The deal is significant
as it will help guarantee Japan’scontinued support to India’s civil
nuclear programme.

It is reported that themanufacturing industry is slowly
picking up. In September 2016
exports grew by 4.03 per cent,since the world export isdeclining, this cannot be
c o n s t r u e d n e g a t i v e l y. T h eimports have declined and theexports are slowly going up in
figure and export figures is likely
to be better than last year’sfigure.
Both Consumer Price
Index and Wholesale Price Index
inflation are below 5 per cent;the Indian economy has certainly
acquired some stability. Looking
at the performance of agriculture,since the monsoon has
contributed sufficiently, better
than last year, we can expect abetter level of agricultural
production than last year. The

improvement in rural demand
backed by growth in the farm
sector is likely to give an impetus
to industrial growth. Industry is
projected to grow by 7.3 percent in 2016-17.

India had proposed assembling afleet of 10 aeroplanes as part of‘Make in India’ initiative; bothsides have agreed on transfer ofmilitary technology.

manufacturing base of India andcontribute to “Make in India” and“Skill India,” through training
30,000 persons over the next
10 years with Japanese style
manufacturing skills and practices
through the establishment of theJapan-India Institutes forManufacturing (JIM) and theJapanese Endowed Courses (JEC)
in engineering colleges designatedby Japanese companies in India incooperation between the public andprivate sectors. The first three JIMs
under the programme would startin summer 2017 in the states ofGujarat, Karnataka and Rajasthan.

India and Japan have also signed
nine agreements including one oncooperation between ISRO andJAXA in outer space.
The two Prime Ministers have alsodecided to cooperate on the humanresource development in themanufacturing sector in India through“Manufacturing Skill Transfer
Promotion Programme.” This
programme will enhance theT h e G o v e r n m e n t ’s r e f o r m s
initiated by the Centre is a major
contributor in encouraging
foreign investments. Reforms
such as Insurance Act, theBankcruptcy Act, and the GST,
contribute to accelerate themomentum.
However, toexpect results from such acts,
one has to be a little patient.
Also with the seed of the ‘Make
in India’ programme sownrecently one can expect areasonable growth over a periodof time.

President’s Message

Historic Visit of H.E. Mr. Narendra Modi to JapanI am happy writing to allof you after a very
successful visit to Japan.
I had the honour ofleading IJCCI’s 6thIndustrial Delegation toJapan in September 2016.
The warmth and hospitality extended by the hostinstitutions in Japan still
linger in our memory.
I personally feel that Japanese businessmen are very keen
to forge close relations with their Indian counterparts. The
two issues they have in mind are: (i) India, a vast country
with diverse culture (ii) The size of Indian companies visà-vis Japanese companies varies to a large extent. It is ofutmost importance to understand each other’s culture
properly before entering into an economic understanding.
Also, if a successful business match-making between Japanand India has to happen, the size of the two companies
and the strength of the potential partners have to beproperly understood.

Prime Minister Mr. Narendra Modi with the Emperor of Japan.

I have assured the Japanese economic organisations, thenodal agencies of the Japanese government and thedignitaries in Japan whom we met that IJCCI will play acatalytic role in the business match-making, as themembership of IJCCI is spread from east to west and northto south.
I personally feel that with His Excellencies Mr. Abe andMr. Modi at the helm of affairs and the relations getting
closer and closer over time, the businessmen of our two
countries should wait no longer to forge close economic
ties.

Delegation level talks between the two Prime Ministers in Tokyo.

I hope the delegation members who saw Japan with theirown eyes will not only agree with me but will also rise up
to the occasion. It is my earnest desire that all the fruitful
meetings of the IJCCI delegation members in Japan aretransformed into successful business ventures.

EDITORIAL BOARD: N Kumar, President, IJCCI; N Krishnaswami, Chairman, IJCCI; Krishna Prasad, Managing Director, Mot Juste Communication
S e r v i c e s P v t . L t d . ; P S S u m a n , Pa r t n e r, A K M y l s a m y & A s s o c i a t e s L L P ; H u f r i z Wa d i a , Pa r t n e r, Ko c h h a r & C o. ;Suguna Ramamoorthy, Secretary-General, IJCCI. For Private Circulation Only.

With warm regards,Editor: Suguna Ramamoorthy; Publisher: IJCCI; Designing & Printing: Mot Juste Communication Services Private Limited, 98410 15081.

N. KumarIndo-Japan Chamber of Commerce & Industry (IJCCI): No. 21, Kavignar Bharathidasan Road, Teynampet, Chennai 600 018, Tamil Nadu, India.
Phone: 044-24352010 / 044-24354779. Email: indo-japan@ijcci.com. Web: ijcci.com

Signing of a path-breaking Civil Nuclear Agreement with Japan.