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Trade with Japan is expected to reach $25 billion by 2014 from $14.7 billion in 2010-11, an increase of 70 per cent. Japanese imports from India have grown 21.5 per cent to 54 billion yen in March this year.
Speaking at a session organised by EEPC India, Japanese consul-general Mitsuo Kawaguchi said, "Japan's total imports the world over as on March stood at 6,287 billion yen, an increase of 10.5 per cent over the same period last year. Of this, total imports from India stood at 54 billion yen, a growth of 21.5 per cent."
Japan's import of industrial products from India as on March constitute the following — iron and steel ($243 million), pig iron ($16 million), ferro alloy ($240 million), iron and steel wire and bars ($2.2 million), flat-rolled products ($1.3 million), tubes, pipes and fittings ($0.6 million) and auto parts ($43 million).
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