MINISTER OF COMMERCE AND INDUSTRY (SHRI KAMAL NATH)
(a) to (h): A Statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (h) OF LOK SABHA STARRED QUESTION NO. 137 FOR ANSWER ON 02.08.2005 REGARDING INDO - JAPAN TRADE.
(a) & (b) The volume of Indo-Japan trade during the last three years is as follows :-
(Value in US $ million)
2002-03 2003-04 2004-05(P)
India`s exports to Japan 1864 1709 1978
India`s imports from Japan 1836 2668 3006
Total 3700 4377 4984
Balance of Trade 28 -959 -1028
(Source : DGCIS) (P : Provisional )
(c) Amongst the reasons for a deficit in the balance of trade are recessionary conditions in Japan`s economy, the static composition of trade between the two countries, limitations on agricultural exports to Japan due to SPS measures, etc.
(d) Steps being taken, on an on-going basis, to increase Indian exports to Japan include participation in trade fairs/exhibitions, exchange of delegations at both governmental and business levels, exchange of information, etc.
(e) & (f) Yes, Sir. A list of 25 project proposals for 2005 ODA loan package has been posed to the Government of Japan for their consideration.
(g) The States in which Foreign Direct Investment proposals and Foreign Technology cases have been approved by the Government include Delhi, Maharashtra, Tamil Nadu, Haryana, Karnataka, Uttar Pradesh, Gujarat, etc.
(h) Steps being taken to encourage Japanese investment in India include holding of `Destination India` event in Tokyo, setting up of India-Japan Joint Study Group, regular meetings of the institutional mechanism called the India-Japan Investment Dialogue, etc.
