No $1.7t Fund – Japan Visit Under Prepared No Promotion

Ravinder Singh

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No $1.7t Fund – Japan Visit Under Prepared No Promotion

August29, 2014 (C) Ravinder Singh ravinderinvent@gmail.com

We are pleased to see PM Driving India Agenda with same Vigor and Commitment as he did in Gujarat but could attract just 6% of FDI in India.

Yes $1700b FDI is possible in next Five Years from all over the world but expecting Japan to fund $1700b is too WILD, Japan FDI in last few years was barely $2b annually.

Corporate Tax for foreign companies at 43% when average corporate tax collection rate is 20% for Indian companies is not the right policy.

For Foreign Investment in ‘IMPORT SUBSTITUTION PROJECTS or INFRA PROJECT’ should be allowed TAX FREE operations for 5-10 years.

India may secure investment in 2X10,000 MW Nuclear Power Projects – one for Gujarat based on latest Mitsubishi Technology in Public Sector.

50,000 MW of Hydro Power to come up in India and Nepal in public sector.

50,000 MW of Rooftop Solar Power projects, these three are GREEN PROJECTS avoiding GHG avoiding over 500 million tones of CO2 every year.

Up Gradation of Railways Trunk Lines 20,000 km would double to triple India Railways capacity in five years.

Industrial projects like LCD TV, Solar Cells, Computers, Mobile Phones, White Goods, Cars, Railway Equipments like Metro Coaches, Wagons, Switchgear etc may be reserved for Private Sector Joint Ventures.

This Bill Adds up to $500b

Rest of the World would fill in the remaining $1200b in 5-10 Years.

Government of India must also show Commitment to Collect 50% of the GDP as Tax Collection to REPAY the loans.

Government of India should ADOPT POLICY to SWIFTLY takeover Loss Making Companies generally funded by public money to be READY for takeover. This way there shall be enough READY to INSTALL new projects.

Indian government has to VITALIZE PATENT OFFICE Support India Inventor & Engineers to serve World Market.

With Best Wishes

Ravinder Singh, Inventor & Consultant,

INNOVATIVE TECHNONLOGIES AND PROJECTS

Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects.

PM'S VISIT TO TOKYO & KYOTO - No $1.7t Fund, Japan to Finance Specific Projects

Aug 29 2014 The Economic Times (Mumbai)

Prime Minister Narendra Modi's dream of securing $1.7 trillion from Japan for creation of a fund that would support the country's economy may not become a reality with Tokyo discouraging the plan and instead asking Delhi to present a list of specific projects that it can finance.

Ahead of Modi's maiden visit to Japan as prime minister beginning August 30, the government had approached Japan with a plan to secure $1.7 trillion over a period of five years to create a fund for mega projects.

Tokyo, however, made it clear that it does not support creation of any such fund with any foreign partner but can finance specific projects identified by the Modi government, official sources told ET. These projects could entail smart cities, railways, solar projects and the plan to clean Ganga. Modi's summit meeting with his Japanese counterpart, Shinzo Abe, on September 1 could identify some of these projects that India would like Japan to fund, sources said.

The Japan visit will also be Modi's maiden stand-alone bilateral trip outside the sub-continent. Modi has huge expectations from Japan and expanding economic and business cooperation, therefore, will be a key component of his agenda.

During the summit, the two sides will also deliberate on doubling foreign direct investment from Japan into India over the next five years. This, according to sources, would be directly proportional to number of Japanese companies in India (currently numbering 1,072) doubling in India over the next five years.