India and the US on Monday inked a key investment incentive agreement in Tokyo on the sidelines of Quad Summit.
Foreign Secretary Vinay Kwatra and CEO of U.S. International Development Finance Corporation. Scott Nathan signed the India-USA Investment Incentive Agreement (IIA).
“The signing of IIA would lead to enhanced investment support provided by U.S. International Development Finance Corporation in India, thereby encouraging investment in key sectors,” MEA spokesman Arindam Bagchi said.
Meanwhile, PM Modi interacted with top executives and CEOs from over 30 Japanese companies in Tokyo on Monday.
The Prime Minister apprised the Japanese business leaders of the recent reforms undertaken by India to improve the ease of doing business and invited them to ‘Make in India for the World’.
“Met top business leaders in Tokyo. Our conversations focussed on diverse topics ranging from innovation to investments, tech to textiles, reforms to StartUps,” the Prime Minister tweeted.
“There is great enthusiasm towards India and there is great appreciation for the entrepreneurial
skills of India’s youth,” Mr Modi further wrote.
The Prime Minister lauded the business community as brand ambassadors of the immense potential
of India-Japan ties.
India has also proposed celebrating Japan’s contribution to India’s development journey in the form
of a ‘Japan Week’.