Calcutta Chamber of Commerce: the oldest chamber of commerce in IndiaCalcutta Chamber of Commerce: the oldest chamber of commerce in India

Major Events 2018-19
November 22, 2018

The Session was addressed by H.E. Mr. Masayuki Taga Consul General of Japan, Kolkata.

Speaking at the interactive Consul General Masayuki Taga said Japanese investment in eastern India could grow, but there was lack of awareness of doing business in the eastern part. "People in Japan do not know about 'today's Kolkata'. If the government work on promoting the state in Japan as a business and tourism destination, I am sure the investment would jack up several times," he said. Mr Taga said Eastern India's share in Japanese investment was meagre, adding while there were 1500 Japanese companies operating in India, only 20 were functioning in the eastern region, most of which were operating in West Bengal. He said the construction of Turga Pumped storage with investment of Rs 1,923,446 crores is on to increase the capacity of Purulia Hydroelectric Project in West Bengal. Mr Taga said that people-to-people interaction was extremely important for increasing Japanese investment in the region and India as a whole. "We are looking forward to the implementation of the open sky agreement with India, which will increase the number of flights from and to Japan," Consul General of Japan said. He, however, said there were fewer Japanese visiting east India, compared to the rest of the country. Speaking about West Bengal, he opined that there should be improvement in tourist infrastructure. "It takes at least 4-5 hours to reach a tourist destination like Santiniketan or Bishnupur from Kolkata. Also, I feel, there should be more spots where tourists can hang around for a cup of coffee or tea, "he said. As part of Japan-India Act East forum, Japan was actively involved in the development in the North East India. At present Japan was developing the Dhubri-Phulbari bridge over the Brahmaputra river, National Highway(NH) 40, NH51 in Meghalaya and NH54 IN Mizoram, he said.


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