These recommendations were made by Indian side during the India Japan Business Leaders Forum meeting here today.

The Indian side, co-chaired by Bharat Forge Chairman and Managing Director Baba Kalyani, also pitched for fostering linkages between large Japanese companies and SMEs in India and enhanced collaborations in the human resource space to promote the development of soft infrastructure.

The Forum later was addressed by Japanese Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi.

Modi said that the Indian government would actively consider all the recommendations of the Forum.

The suggestion of free trade pact review assumes significance as the domestic steel producers have complained of surge in imports of steel products like hot-rolled steel and other variants from China, Korea and Japan.

ICICI Bank MD and CEO Chanda Kochhar said India is one of the fastest growing economies in the world. She urged Japanese companies to step up investment in India, especially in areas such as smart cities and renewable energy.

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