NEW DELHI, Jan 28 � Lauding the initiative of the Government of India for inviting Japanese investments in the North Eastern Region (NER), the Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the pace of infrastructure development in the region has been very slow and the Japanese funds and expertise would re-energise the development of infrastructure in the region.
FICCI said infrastructure development including roads, railways, power in the North-east has been slow and Japan has been a reliable and trusted partner, especially in the infrastructure development in India with Delhi Metro being the showpiece project of this partnership.
The chamber also mentioned that world class infrastructure is needed in the North Eastern Region to truly realise its potential as the gateway to the South-East Asian markets.
Citing the specific projects like trilateral highway connecting India, Myanmar and Thailand, the chamber said that involvement of Japanese companies would help in timely completion of such game changing projects. Similarly, there is huge potential for the development of hydro-power projects with the Japanese investments.
It is estimated that about one-third of India�s hydro-power potential lies in the North-east. FICCI has also identified projects in agriculture, urban planning where Japanese expertise could be tapped for sustainable development.