Union Communications and IT Minister Arun Shourie on Tuesday urged the Japanese companies to look at the emerging opportunities in India in the IT and telecom sectors, and in the areas of design and high computing like sensors, robotics and biotechnology.
There is a tremendous scope for growth in the Indian IT exports to Japan, which is at present a miniscule $150 million, Shourie said after inaugurating the CII-JETRO IT exhibition in Tokyo.
Highlighting the success of Suzuki in India, he said Maruti-Suzuki was a good example of Indo-Japan cooperation and this collaboration brought Japanese work culture to India and transformed the Indian auto industry.
He added that the recent IPO of the company was oversubscribed by ten times.
Yoshiro Mori, member, House of Representative and chairman of the Indo-Japan Association said the India Support Bill, which would cover the issue of withholding tax for software, was under discussion.
