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With India emerging as an economic super power and a leader in the IT and biotechnology sector, Japan is keen on investing in the country, a former Japanese minister said in New Delhi on Thursday.
"Relationship between India and Japan is beginning to look up and there is a surge of interest in India among the
Japanese companies," former Vice Minister of Finance for International Affairs Eisuke Sakakibara said while speaking at a Confederation of Indian Industry seminar.
Asserting that the time was ripe for Asian integration, he said the intra-Asian trade had already surpassed trade within NAFTA and was fast approaching intra-EU trade turnover, according to a CII statement.
"Some Japanese companies are willing to invest in India and the pace of Indo-Japan cooperation must be accelerated."
"The gravity of the world is shifting towards the east and India is leading the reorientation process in IT and biotechnology," he said.