Narendra Modi to visit Japan from Sunday, meet top bosses of Suzuki

July 21, 2012

modi

Ahmedabad, July 21: Gujarat chief minister Narendra Modi will be on a five-day tour of Japan from Sunday to expand business ties with that country and will also meet auto major Maruti Suzuki's top brass, official sources said.

Modi, who will be accompanied by a business delegation will visit Hamamatsu to meet Maruti Suzuki Corporation managing director Shinzo Nakanishi.

His visit comes in the wake of the violent incidents in Maruti Suzuki's plant at Manesar in Haryana.

Even though the Modi-led delegation will not pitch for expanding the production capacity of the company in Gujarat, if the company on its own decides to expand its production capacity, it is welcome, Gujarat officials said.

"The view of the Gujarat government is very clear on attracting corporates in the state. We do not want to harm anybody's interests. However, whosoever wants to come here and expand his production capacity is welcome," Gujarat principal secretary (industries) Maheshwar Sahu told PTI.

Modi's visit to Japan, however, has sparked off speculation that during his meeting with the Maruti Suzuki representatives, he would try to convince them to expand the carmaker's production capacity in Gujarat from the proposed 2,50,000 units annually.

Maruti Suzuki has already proposed to invest Rs 4,000 crore in Gujarat to set up a green field project, having an annual production capacity of 2,50,000 cars near Becharaji in Mehasna district.

"Modi has been officially invited by the government of Japan. Normally, they invite the head of country, but Modi being the chief minister of a state in India, is going to Japan as a state guest," official sources said.

Besides Hamamastu, Modi will be visiting Tokyo, Osaka, Nagoya and Kobe prefectures of Japan. He will be addressing three seminars, one round-table and also interacting with top functionaries of Japanese government during the visit, they added.

Modi will also be travelling by a bullet train and study the reconstruction done by that country following the earthquake in Kobe prefecture, they added.

This is likely to be Modi's last foreign trip before the state elections scheduled to be held in December this year.

The purpose of the visit is to expand business ties between Gujarat and Japan, they said adding that the large area of Delhi-Mumbai Industrial Corridor (DMIC) passes through Gujarat and the state sees huge potential of investment from Japan.

Japan had also partnered last year in the biennial 'Vibrant Gujarat Global Investor Summit', they said.


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News Network
January 27,2020

Jan 27: Bollywood Film Director Anurag Kashyap, who has been vocal about his political views on social media, slammed Union Minister Amit Shah and accused him of being 'cheap'.

"How timid our Home Minister is. Its own police, its own goons, its own army and security increases and invades unarmed protestors. Amit Shah has crossed the extent of cheapness and inferiority. History will spit on this animal," Kashyap tweeted.

The film director has taken an active part in the anti-Citizenship Act protest rallies and was against the Jawaharlal Nehru violence. He also came in support of his contemporary Deepika Padukone when the latter faced backlash for showing up at JNU in support of the students.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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January 3,2020

Dhaka, Jan 3: Bangladesh's paramilitary force chief said on Thursday that a total of 445 Bangladeshi nationals returned from India in last two months following the publication of the National Register of Citizens (NRC) by the Indian government.

Border Guard Bangladesh (BGB) Director General Maj Gen Md Shafeenul Islam disclosed the figure during a press briefing here.

"About 1,000 people were arrested in 2019 for illegal border crossings from India to Bangladesh, with 445 of them returning home in November and December," he said.

After verifying their identities through local representatives, BGB came to know that all the intruders are Bangladeshis, Islam said, adding that 253 cases were lodged against them for illegal trespass, while initial investigations found that at least three of them were human traffickers.

The BGB Director said the trespassing did not create any tension between the border forces of Bangladesh and India.

Last week, Islam visited India where he said that the creation of the NRC is completely an "internal affair" of India and the cooperation between the border guarding forces of the two countries is very good.

He said the BGB will continue to do its work of preventing illegal border crossings as per its mandate.

A BGB delegation, led by Islam, was on a bilateral visit to India to hold DG-level border talks with its counterparts, the Border Security Force (BSF).

The talks took place from December 26-29, during which a host of issues related to cross-border smuggling and activities of criminals and others along the 4,096-km-long front were discussed.

Responding to a question, Islam said, "No discussion was held at the conference over the (NRC) issue".

He said during the five-day talks held in New Delhi, the BGB demanded that the BSF should take effective steps to prevent killings of Bangladeshis on frontiers as casualty figures sharply rose in 2019.

"The number of border killings in 2019 was highest in the last four years. As per our calculation, the number of such unexpected deaths was 35," the BGB chief said.

However, the BSF estimate of the casualty figure is much lower than our calculation, he said.

Islam said the BSF is following the policy of maintaining maximum restraint and minimal use of force even after being attacked by "armed border offenders".

A statement issued by the BSF last month in New Delhi after the conclusion of the DG-level talks said, "On the concern of the BGB regarding the death of Bangladeshi nationals on borders, it was informed to them that a non-lethal weapon policy is strictly followed by BSF personnel on borders.

"Firing is resorted to only in self-defence, when BSF patrols are gheraoed and attacked by ‘dah’ (a sharp-edged weapon) etc. It was specified that the BSF does not discriminate between criminals based on nationality," it said.

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