India wants to increase exports to Japan and for the East Asian economic giant to invest more in its businesses, it was announced Wednesday at the conclusion of an economic partnership agreement, reported dpa.
Indian Prime Minister Manmohan Singh told business leaders in Tokyo that he hoped the agreement would boost exports of Indian goods and services to Japan through the removal of tariff barriers.
Singh, who is on a three-day visit, planned to sign a bilateral agreement with his Japanese counterpart Taro Aso later in the day on strategic security cooperation as well as trade and economic issues to strengthen partnership relations.
In a meeting with Japanese business leaders, Singh also urged them to invest in his nation and said the business investment from Japan has been "much less than the full potential."
"We welcome Japanese investment in our efforts to build a new dynamic India," Singh said at a lunch meeting with business leaders including Japan Business Federation Chairman Fujio Mitarai in Tokyo.
India was looking to cooperate with Japan especially in energy-efficient technologies and the development of new and renewable sources of energy such as clean coal, solar and nuclear energy, he added.
Singh was expected to leave Thursday for Beijing to attend the Asia-Europe Meeting.