Asserting that India had removed many barriers in trade and investment, India on Monday invited Japanese companies to invest in the small and medium enterprise sector and Special Economic Zones.
"We have seen Japanese technological innovations yielding results and converting into globally competitive products. We are promoting SEZs where infrastructure is better," Commerce and Industry Minister Kamal Nath said at a PHDCCI meeting in New Delhi.
He said India's economic indicators - growth rate, forex reserves - all displayed the new strength of the economy, which investors could look at for gainful returns.
Pointing at the technological skills of the Japanese companies, Nath said bilateral cooperation in this area between the private sector of the two countries could be beneficial for both.
Minsiter of State for Industry Ashwani Kumar said time was right for both countries to take that quantum leap in relationship.
The Japanese small and medium enterprises delegation also met Prime Minister Manmohan Singh.
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