World

Modi woos Japanese business with promises of "red carpet, not red tape"

  • Indian Prime Minister Narendra Modi delivers a speech during his lecture at the University of the Sacred Heart in Tokyo, Tuesday, Sept. 2, 2014. Modi is currently on a five-day visit to Japan. (AP Photo/Koji Sasahara)

    Indian Prime Minister Narendra Modi delivers a speech during his lecture at the University of the Sacred Heart in Tokyo, Tuesday, Sept. 2, 2014. Modi is currently on a five-day visit to Japan. (AP Photo/Koji Sasahara)  (The Associated Press)

  • Indian Prime Minister Narendra Modi, left, speaks with Japanese Prime Minister Shinzo Abe during a Japan-India Joint press conference at Akasaka State Guesthouse in Tokyo Monday, Sept. 1, 2014. Japan and India agreed Monday to step up their economic and security cooperation as Modi won pledges of support for his effort to revitalize the lagging Indian economy. (AP Photo/Shizuo Kambayashi, Pool)

    Indian Prime Minister Narendra Modi, left, speaks with Japanese Prime Minister Shinzo Abe during a Japan-India Joint press conference at Akasaka State Guesthouse in Tokyo Monday, Sept. 1, 2014. Japan and India agreed Monday to step up their economic and security cooperation as Modi won pledges of support for his effort to revitalize the lagging Indian economy. (AP Photo/Shizuo Kambayashi, Pool)  (The Associated Press)

  • Indian Prime Minister Narendra Modi waves after his lecture at the University of the Sacred Heart in Tokyo, Tuesday, Sept. 2, 2014. Modi is currently on a five-day visit to Japan. (AP Photo/Koji Sasahara)

    Indian Prime Minister Narendra Modi waves after his lecture at the University of the Sacred Heart in Tokyo, Tuesday, Sept. 2, 2014. Modi is currently on a five-day visit to Japan. (AP Photo/Koji Sasahara)  (The Associated Press)

Indian Prime Minister Narendra Modi is wooing Japanese businesses with a promise of "red carpet" treatment rather than the bureaucratic red tape India is notorious for.

Modi told Japanese business leaders Tuesday that India is the best possible investment destination, where they can find "democracy, demography and demand," in the market of nearly 1.3 billion people.

Modi will wrap up his five-day visit to Japan on Wednesday, bringing home pledges of billions of dollars in aid and investment after the two governments agreed to beef up their economic and security ties.

The slew of agreements signed by Modi and Prime Minister Shinzo Abe did not include a nuclear energy pact India needs for imports of Japanese equipment to ramp up nuclear power.