Want to make India most open economy, says Modi

Tokyo: Stressing that strong India-Japan ties will be a "stabilising factor" in Asia and the world, Prime Minister Narendra Modi on Friday said that he wants India to be the "most open economy" in the world.

Modi, who is on a three-day visit to Japan, reached Tokyo on Thursday.

"I have also been saying that India and Japan will play a major role in Asia's emergence," he said in a tweet after interacting with business leaders in Tokyo.

The Prime Minister said that Asia has emerged as the new centre of global growth, and it was because of its competitive manufacturing and expanding markets.

Modi praised Japan for its good quality products.

"The very word 'Japan' in India symbolises quality, excellence, honesty and integrity," he said, adding that both the nations must march forward and explore bigger potentials and brighter prospects.

"'Made in India' and 'Made by Japan' combination has started working wonderfully," he
said in one of the tweets.

Modi also lauded Japan for being the fourth largest source of foreign direct investment in India.

Modi will attend the annual bilateral summit with Japanese Prime Minister Shinzo Abe later in
the day.

On Saturday, Modi and Abe will travel on the Shinkansen high-speed rail to Kobe.

During Abe's visit to India last year, Japan committed itself to the development of a high-speed rail link between Mumbai and Ahmedabad.

This is Modi's second visit to Japan in two years.