economic ties

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New Delhi, Nov 28 (UNI) The Japanese government is striving hard to strenghten economic and strategic ties with India by utilising the Asian gateway for both the countries.

''Japan is formulating important policies to sustain the economic growth of the Asian countries,'' Special Advisor to the Japanese Prime Minister and in-charge of economic and financial policies Takumi Nemoto, who is currently on a visit to India, told reporters here last night.

This in turn would benefit the country due to the vibrant economic growth in the region, he added.

Mr Nemoto said the ties would be strenghtened by facilitating further exchange of people, capital and good between the two countries. Japan doing well in manufacturing industry and India in IT and software development can supplement each other to achieve a win-win situation.

In the backdrop of the current visit of Japanese Prime Minsiter Shinzo Abe to India, Mr Nemoto said both the countries are conducting a joint study for economic cooperation and finally an agreement would be formed in this direction.

After negotiations on the agreement, modalities for the cooperation would be chalked out, he added.

When asked about the Japanese private companies to expand their territories, Mr Nemoto said the decision on the matter rests with the companies themselves, but the Japanese government will advice them for positive investments.

''Japanese companies have a very strong interest in India, but lot will depend on the course of negotiations,'' Mr Nemoto said