India-Japan joint ventures-problem and prospects

Authors

Raj S Dhankar, Kurukshetra University

Document Type

Article

Abstract

The relations between India and Japan can be traced back to early recorded history. It was, however, only in the 20th Century, and more recently in the post-war period, that greater inter-action has taken place between the two countries. Economic cooperation has taken a new dimension since early 50s. Trade which was the only form of economic cooperation diversitied into technology transfer and investment, third-country ventures, and financial cooperation. The areas of cooperation have vastly expanded. The 1980s saw India and Japan embark on a new path of economic relationship and partnership. Both the Japanese and Indian economy have already set their goals to enter the 21st century. Hence, a better understanding between the two
countries can be mutually beneficial. India is in the process of modernizing its economy through various programs. It is looking to Japan to strengthen further its ties in the field of trade, industrial cooperation and third-country ventures. But what is sought is more advanced and sophisticated technology for the modernization of industries. Japan could contribute a great deal in the coming years to assist India in accelerating the pace of economic development.

Recommended Citation

Dhankar, Raj S (1989) "India-Japan joint ventures-problem and prospects," IIMB Management Review: Vol. 4: Iss. 2, Article 6.
Available at: https://research.iimb.ac.in/imr/vol4/iss2/6

Publication Date

12-1-1989

First Page

1

Last Page

28