On August 16, the Japan Bank for International Cooperation (JBIC) participated in a roundtable meeting under the theme of Japan-India cooperation, at the invitation from the Centre for Social and Economic Progress (CSEP, New Delhi)*1. In addition to JBIC Governor HAYASHI Nobumitsu, the participants included Dr. Rakesh Mohan, President Emeritus (former Deputy Governor of the Reserve Bank of India) and Dr. Laveesh Bhandari, President of CSEP, business leaders and scholars, and Mr. SUZUKI Hiroshi, Ambassador Extraordinary and Plenipotentiary of Japan to India. The meeting discussed further increasing the presence of and strengthening cooperation between the two countries, with “Free and Open Indo-Pacific” at the core.
Mentioning the closer relationship between Japan and India in recent years and India’s potential for growth, Governor HAYASHI said that JBIC intends to further promote loans and investments in India, focusing on the key sectors of clean energy, manufacturing, and infrastructure, and cooperate in the shift toward a free and open India. He also noted that, besides supporting Japanese companies’ investments in India, JBIC holds a share of NICDC, the National Industrial Corridor Development Corporation, which supports the development of industrial corridors throughout India, thereby assisting construction of industrial parks and matching Japanese companies with industrial parks to support them entering the Indian market. The roundtable offered a valuable opportunity for networking and exchanging views, which contributes to the extended assistance to India and strengthened alliance between the two countries in the future.
As Japan’s policy-based financial institution, JBIC will actively contribute toward overseas business development by Japanese companies and improvement of investment environment, by drawing on strong relationships with the government and government agencies, thinks tanks, and others of the host country.
CSEP, formerly known as Brookings Institution India Center, is a think tank that conducts policy relevant research to challenges facing India and the world.