Federation of Indian Chambers of Commerce & Industry has entered into a partnership with the Japan Chamber of Commerce and Industry (JCCI) to hold the 43rd joint meeting of the India-Japan Business Cooperation Committee (IJBCC) in Tokyo on 26-27 February 2019.
The aim of the meeting would be to engage with Japanese companies with business interest in India and encourage Japanese investment to India.
Onkar S Kanwar, Chairman, India Japan Business Cooperation Committee (IJBCC) and CMD, Apollo Tyres, will be leading a delegation of leading Indian industrialists and businesses with active business engagements.
Apart from textiles, over 150 Japanese companies would participate to discuss further possibilities for business engagements in automobile, electronics and hardware manufacturing, pharmaceuticals, agri & food processing, healthcare, infrastructure, ICT, auto components, skill development etc with Indian companies.
In a separate move, FICCI has welcomed RBI’s move to provide a loan-restructuring window for MSMEs with loans up to Rs 25 crore.
The newly-appointed FICCI President Sandip Somany said: “This will provide a much-needed boost to the small and medium enterprises (SME) that had been reeling under financial pressures on account of reasons beyond their control.”
MSMEs are the backbone of the Indian industry, but face greater vulnerability on account of the payment mechanisms, which came under greater stress in recent times. The tight liquidity situation in the financial markets only exacerbated the problems faced by the MSMEs and an announcement by RBI was clearly needed to support these units.
“The relief comes at the right juncture and will provide the much-needed momentum to push the growth levers as MSMEs make a significant contribution to domestic output, exports as well as job creation,” said Somany.
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