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Japan to Invest and Build Business Relationship with Jammu and Kashmir If Situation in Valley Normalises

Japan shares a good business relationship with India and of course, there is a possibility of doing business at any place that is part of India

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Japan, Invest, Jammu and Kashmir
When asked whether Japan is considering the northern state as a potential investment hub following the scrapping of Article 370 of the Indian Constitution which took away the special status of Jammu and Kashmir. Pixabay

 Japan will be ready to invest and build a business relationship with Jammu and Kashmir if the situation in the valley normalises, Japanese Ambassador to India Kenji Hiramatsu said here on Saturday.

When asked whether Japan is considering the northern state as a potential investment hub following the scrapping of Article 370 of the Indian Constitution which took away the special status of Jammu and Kashmir and now allows companies from other states and abroad to invest there, Hiramatsu said his country looks forward to “positive development” in the region.

“Yes, of course. We look forward to it. I hope the situation there normalises. This is a decision taken by the Indian government. We will have to see. At this stage we cannot say anything for certain. Japan shares a good business relationship with India and of course, there is a possibility of doing business at any place that is part of India,” the Japanese envoy said at an event organised by the Bengal Chamber of Commerce and Industry.

“When the situation normalises, I hope at some point there will be some kind of business collaboration between Japan and Jammu & Kashmir. The decision has been taken just a week ago. We have to see how things pan out. We are looking forward to a positive development in future,” he said.

Japan, Invest, Jammu and Kashmir
Japan will be ready to invest and build a business relationship with Jammu and Kashmir if the situation in the valley normalises, Japanese Ambassador to India Kenji Hiramatsu said here on Saturday. Pixabay

Talking about the growing bilateral trade relationship between India and Japan, Hiramatsu said the number of Japanese companies in India has increased from 1,156 in 2014 to 1,441 in 2019, while the sectors of investment have also grown significantly.

He said a new momentum has been added to economic partnership between the two countries while shared security and defence cooperation is rapidly catching up with the already-robust economic partnership.

According to a Japanese government report, trade from India to Japan in 2018 was 585 billion Yen and trade from Japan to India was 1,236 billion Yen. Direct investment from Japan into India was 377 billion Yen in 2018.

He also said Japan was keen on seeing an increase in people-to-people contact with the eastern region of India and invited investors from West Bengal to Japan.

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The envoy noted that Japanese companies operating in India were being given incentives from north Indian states and such incentives from West Bengal could encourage more companies here. (IANS)

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Japan’s 2018 Greenhouse Emissions Lowest in Two Decades: Report

The Japanese government aims to tackle this problem by introducing new regulations in 2020 to strengthen control over the disposal of hydroflurocarbon-using equipment

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Wind Energy
Low-cost renewable energy technologies like Wind Energy are readily-available today, representing the most effective and immediate solution for reducing carbon emissions. Pixabay

Japan in 2018 recorded its lowest greenhouse gas emissions in two decades thanks to a warm winter and increased generation of nuclear power, according to data released on Friday.

However, the country still has a long way to go to reach its Paris Agreement goal, Efe news reported.

In 2018, total carbon dioxide emissions were recorded at 1.24 billion tons, a year-on-year decrease of 3.6 per cent and the lowest figure since data compilation began in 1990, according to the preliminary figures released by the Japanese Ministry of Environment.

The previous low was recorded in 2009 with 1.25 billion tonnes of carbon dioxide.

Although this is the fifth consecutive year of dropping emissions, the ministry acknowledged that a lot remained to be done to achieve the 2030 goal of 26 percent cut in emissions from the 2013 levels a target set under the Paris climate agreement.

From 2013 to 2018, Japan’s cumulative reduction in greenhouse gas emissions has been 11.8 percent, according to the government’s figures published a week before the 2019 United Nations Climate Change Conference in Madrid.

U.S., Pentagon, Greenhouse Gases
FILE – Air pollution hangs over the skyline as the sun rises over Beijing’s central business district, Jan. 14, 2013. VOA

The government said the main factors that contributed to the reduction were the decreasing production in power stations that use fossil fuels and gradual return to energy generation through nuclear plants.

Japan established a stricter safety framework following a nuclear standstill after the 2011 Fukushima accident.

Although the approval to reactivate was given in 2017, it was not until 2018 that the plants started functioning.

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Household emissions fell by 10 percent in 2018 due to increased use of energy-saving appliances and a warm winter which led to lower usage of heating systems during the season.

However, an increased use of air conditioners caused a 9.4 percent rise in hydrofluorocarbons emissions and other similar compounds.

The Japanese government aims to tackle this problem by introducing new regulations in 2020 to strengthen control over the disposal of hydroflurocarbon-using equipment. (IANS)