India and Japan need to deepen Cooperation in Energy Sector

Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy reiterated the need to deepen the cooperation in the energy sector between India and Japan. Shri Goyal was speaking at his second bilateral meeting with Mr. Motoo Hayashi, Minister of Ministry of Economy, Trade and Industry (METI) in Tokyo , Japan today morning. The Minister said that the cooperation in energy sector should be such that Japanese technology and capital can be dovetailed with Indian high skilled human resources and “Make in India” to create partnerships not only for the mutual benefit but also for benefit to the world. He further added this resonates with the Prime Minister Shri Narendra Modi’s vision and to make India the manufacturing hub of the world. Shri Piyush Goyal is on a visit to Tokyo to attend the 8th India-Japan Energy Dialogue on 12-14 January 2016.

Shri Goyal and Mr Hayashi reaffirmed their desire to significantly increase the engagement between the two countries in the areas of energy, including renewable energy and energy efficient technologies. They agreed to have frequent discussions between the Working Groups set up, through video conferences and bilateral visits so that issues related to mutual business opportunities could be taken forward expeditiously. The two Ministers agreed that such mutual engagement must result in concrete outcomes that can be showcased during the annual summit meeting between the two Prime Ministers.

Shri Goyal, referring to the ambitious 175 GW renewable energy programme and the largest LED programme in the world, underlined the fact that energy efficiency and renewable energy are two key thrust areas and the potential for use of Japanese technologies is significant. India presents one of the large and fastest growing markets for Japanese cutting edge technologies and India will be keen to promote such technologies that could be of mutual benefit to both sides.

Shri Piyush Goyal also extended his personal invitation to Minister Hayashi to lead a high level METI delegation to the upcoming ‘Make in India’ week between 13-18 February, 2016 in Mumbai