East Asia Summit of the World Economic Forum (WEF) is going to be held from 14th - 16th June 2006 in Tokyo (Japan). Here both Japan and India are going to co-sponsor Indo-Japan Business Summit.
The Indian participation will give a fresh thrust to the 'India Everywhere' campaign at the summit. Over 250 global leaders from business, government and academician will congregate at the forum to shape Asia's political, industry and economic agendas. The theme of this year's meeting is 'Creating a New Agenda for Asian Integration'. A key discussion item is integrating India further into East Asia.
A CEOs delegation includes leading industrialists and entrepreneurs will be led by Mr. R Seshasayee, President, CII. These include Mr. Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor Pvt Ltd, Mr. Adil Zainulbhai, Managing Director, McKinsey India; Mr. Hari Bhartia, Co-Chairman & Managing Director, Jubilant Organosys; Mr. Brian Tempest, Chief Mentor and Executive Vice-Chairman of the Board, Ranbaxy Laboratories; Mr. Ajit Gulabchand, Chairman and Managing Director, Hindustan Construction Company Ltd; Mr. Nand Khemka, Chairman, Sun Group; Mr. Shiv Khemka, Executive Director, Sun Group; Mr. Hemendra M Kothari, Chairman, DSP Merrill Lynch; Mr. Piyush Pandey, Executive Chairman & National Creative Director, Ogilvy & Mather; Mr. Mukesh Butani, Senior Partner & Head of Tax Business Unit, BMR & Associates; Gen. S.S Mehta, Director General, Confederation of Indian Industry; Mr. Ajay Khanna, Chief Executive Officer, India Brand Equity Foundation & Deputy Director General, Confederation of Indian Industry; and Mr. Gurpal Singh, Deputy Director General, Confederation of Indian Industry.
The Ministry of Economy, Trade & Industry (METI) of Japan and India's Ministry of Commerce & Industry are co-sponsoring an
Indo-Japan Business Summit. This summit is being organized by the Japan External Trade Organisation (JETRO), the Confederation of Indian Industry (CII) and the India Brand Equity Foundation (IBEF), and is being supported by Keizai Doyukai and Keidanren. The India-Japan Business Summit will focus on the key opportunities in India in manufacturing, infrastructure, biotechnology, and research and development.
Presently the Bilateral trade between India and Japan is rising very fast. This is evident by the increase in the number of joint declarations, delegation visits and other business events between the two countries. Japan is among India's top five trading partners. Total trade between India and Japan was close to US$ 5 billion during 2004-2005. Japan has emerged as the fourth-largest FDI contributor to India for the period from 1991 to 2004. Consistently, Japanese companies such as Suzuki, Toyota, Honda and Mitsubishi Chemicals have invested in India, reiterating their faith in the 'fastest growing free market democracy'. Japan contributes around 8 percent to India's total technical collaboration with foreign partners, another proof point of the growing partnership.