India, Japan seek to enhance energy ties

An enhanced energy engagement with Japan will enable India to propel its Make in India ambitions through Japanese state-of-the-art technology and capital – a win-win situation for the two of the world’s largest economies The Dollar Business Bureau

Union Minister for Power, Coal and New and Renewable Energy, Piyush Goyal with the Japanese Financial Institutions to seek greater investments in the Indian Energy Sector, in Tokyo, Japan on Thursday. The Ambassador of India to Japan, Shri Sujan R. Chinoy is also seen.

Seeking to deepen India-Japan cooperation in the energy sector, Energy Minister Piyush Goyal on Thursday said the two countries should further extend their partnership for mutual benefits as well as for the benefit of the world. “The cooperation in energy sector should be such that Japanese technology and capital can be dovetailed with Indian high skilled human resources and ‘Make in India’ to create partnerships not only for the mutual benefit but also for benefit to the world,” Goyal said at the 8^th India-Japan Energy Dialogue currently being held in Tokyo, Japan. Speaking at his second bilateral meeting with Japan’s Economy Minister Motoo Hayashi, the Indian minister put forward the Prime Minister Narendra Modi’s vision to make the country a manufacturing hub of the world, while they envisaged to hold frequent bilateral discussions to cash on mutual business opportunities. During their meeting, the two ministers reaffirmed their commitment to enhance engagements in the areas of energy, including renewable energy and energy efficient technologies between the two neighbours. Referring to India’s ambitious 175GW renewable energy programme, Goyal said, “India presents one of the largest growing markets for Japanese cutting edge technologies and India will be keen to promote such technologies that could be of mutual benefit to both sides.” The Indian minister, who is on a three-day visit to Japan, also invited his Japanese counterpart to lead a high level METI delegation during the upcoming ‘Make in India’ week to be held between February13-18, 2016 in Mumbai as well as at the 9th Energy Dialogue at a mutually convenient time in 2017. The energy-hungry giant has been exploring possible foreign investments in its energy sector to meet its long-term domestic requirements. An enhanced energy engagement with Japan will enable India to propel its Make in India ambitions through Japanese state-of-the-art technology and capital, which would also create win-win situations for the two of the world’s largest economies. “The primary objective of the visit is to optimise the technology cooperation and utilise it to benefit the common populace in all spheres of life. It is the endeavor of the government to enhance the partnership with Japan to improve energy access at affordable prices to the people of India,” Ministry of Power was quoted as having said in an official statement.

January 14, 2015 | 4:56pm IST.

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The Dollar Business Bureau - Jan 14, 2016 11:24 IST

India, Japan seek to enhance energy ties

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