India is rapidly evolving as a consumer market and Japan, whose trade and investment relations with the emerging South Asian giant have so far been limited, should take advantage of the huge potential created by the new trends of consumerism in the country, scholars and experts from Indian universities and think tanks said at a recent symposium in Tokyo.
The two countries are also advised to beef up maritime security cooperation to secure the increasingly vital sea lanes through the Indian Ocean, they said.
The experts were taking part in the symposium organized by the Keizai Koho Center on Jan. 19 under the theme "The Japan-India relationship in the 21st century Asia-Pacific era." Makoto Kojima, a professor of international relations at Takushoku University in Tokyo, served as moderator of discussions.