Japanese investors excited about Modinomics: Mizuho Bank

Japanese investors are excited about 'Modinomics', says the top boss of Mizuho Bank. In an exclusive conversation with CNBC-TV18's Rituparna Bhuyan, in Tokyo on the sidelines of the India-Japan Strategic Energy Summit, Mizuho Bank's Managing Executive Officer TatsuFumi Sakai said that Japanese investors want India to ramp up their infrastructure, before they can take a decision on investing more in India.Below is the transcript of Tatsufumi Sakai’s interview with CNBC-TV18's Rituparna Bhuyan.Q: How do you see India as a market for Japan?A: Our corporations are very much excited about the current so called Modinomics. We see more growth potential in your country and so far the Japanese corporations have investment particularly on the manufacturing sector to export from India. Not only for that, but also to penetrate in India's domestic huge market. It is also a big interest for Japanese corporations.So, to make investment, what is important for Japanese corporations is to further develop the infrastructure in India like power generation. So, how to induce infrastructure development is most important for the Japanese corporation to consider for making an investment.Q: On power sector what are the policy changes that you would want to see?A: Basically we don't see so much big issue how to induce private sector to make good investment in India to further develop infrastructure. For example now many Japanese corporations are entering the bidding stage for the Japanese energy projects. That is a very good initiative.