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India, Japan join hands to enhance trade

India and Japan Wednesday agreed to set up a joint working group to facilitate investments and enhance cooperation in information technology (IT) and electronics sector.

"Steps have been taken to form a joint working group for greater cooperation in the IT and electronics sector," trade and industry ministers of the two countries said in a joint statement after a meeting in New Delhi.

The decision was taken during a meeting of India's Commerce and Industry Minister Anand Sharma with his Japanese counterpart Toshimitsu Motegi.

To facilitate Japanese companies in investing in electronics sector in India, a Japan Help Desk has been set up in the Department of Electronics and Information Technology of the government of India here.

"Both sides have noted the idea to establish a Japanese Electronics Manufacturing Township with Japanese assistance in India with world class infrastructure and agreed to take this up in the forthcoming joint working group meeting," the joint statement said.

The ministers also reviewed the progress on the Delhi-Mumbai Industrial Corridor (DMIC) project. Japan is playing a key role in the USD 100 billion project connecting India's political and commercial capital with a dedicated corridor on which seven new cities will be developed.