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Modi meets industry leaders in Japan, invites them to invest in India

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Visiting Prime Minister Narendra Modi, who arrived in Tokyo on Monday on a two-day visit, met three important business leaders of Japan and invited them to invest in India.

Shortly after his arrival, Modi first met Nobuhiro Endo, the Chairman of NEC Corporation.

The Prime Minister lauded the NEC’s role in India’s telecommunication sector, especially in undertaking Chennai-Andaman & Nicobar Islands (CANI) and Kochi-Lakshadweep Islands (KLI) OFC projects. He also highlighted India’s investment opportunities under the Production Linked Incentive (PLI) scheme.

During the meeting, they discussed various reforms being undertaken to enable ease of doing business in India including in industrial development, taxation and labour. They also discussed opportunities in India in new and emerging technologies.

According to the Prime Minister’s Office (PMO), Endo spoke about opportunities in India in areas such as smart cities, emerging technologies and an innovative effort to encourage learning of Japanese in India.

Modi also met Osamu Suzuki, senior advisor of the Suzuki Motor Corporation, and discussed further investment opportunities in India including setting up of production facilities for electric vehicles and batteries as well recycling centres, for realizing the goal of sustainable growth.

They also discussed strategies for building the local innovation system in India, including skill development through Japan-India Institutes of Manufacturing (JIM) and Japanese Endowed Courses (JEC).

Recalling Suzuki’s association and contribution in India, Modi appreciated the transformational role of Suzuki Motors in the automotive industry of India.

He also appreciated that Suzuki Motor Gujarat Pvt Ltd. and Maruti Suzuki India Ltd were among the applicants approved under Production Linked Incentives (PLI) scheme in automobile and auto component sector.

According to the officials in PMO, after meeting Modi, Suzuki said: “Reforms undertaken by PM Modi are indescribable and these reforms are changing India into a ‘Model Landscape’ while the self reliance (Aatmanirbhar) theme is supported by the Japanese’s investors very strongly.”

Modi also held two other meetings with Tadashi Yanai, Chairman, President and CEO of Uniqlo, a Japanese casual wear designer, manufacturer and retailer; and Founder of SoftBank Group Masayoshi Son.

During their meeting, Yanai appreciated the entrepreneurial zeal of the people of India and said: “We can focus on end to end products i.e. from plant to design to fabric. We want to make growth in India. IT talent in India is excellent… I just want to say, ‘Let’s Do it’.”

On his part, Modi asked Yanai to take part in the PM-Mitra scheme aimed at further strengthening the textiles sector. said the PMO.

Meanwhile, the Prime Minister and the Softbank Group founder discussed subjects like India’s strides in the world of StartUps, opportunities in research, technology and ways to boost investment linkages.

Modi arrived here on a two-day visit at the invitation of his Japanese counterpart Fumio Kishida.

He is scheduled to participate in the third Quad Leaders’ Summit in Tokyo on Tuesday along with US President Joe Biden, Australian Prime Minister Anthony Albanese and Kishida.

Modi and Kishida will also hold a bilateral meeting.

Maharashtra

Action under the ‘Pedestrian First’ initiative by the ‘G-North’ ward of the Mumbai Municipal Corporation

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To ensure the unobstructed movement of pedestrians on footpaths, the Brihanmumbai Municipal Corporation (BMC) is implementing an initiative called ‘Pedestrian First’. In this regard, an enforcement drive was carried out today (October 23, 2026) in Dadar, near the ‘Late Maa Saheb Meenatai Thackeray Flower Market’ and along ‘Senapati Bapat Marg’. During this operation, 12 unauthorized structures—including temporary tarpaulin sheds and illegal platforms—were removed, and 60 hawkers obstructing the footpaths were cleared from the area. This operation was conducted by the BMC’s ‘G-North’ Ward.
Under the guidance of Municipal Commissioner Ashwini Bhide, the BMC is effectively implementing the ‘Pedestrian First’ initiative. The objective of this initiative is to clear footpaths of unauthorized hawkers and encroachments, ensuring they remain free from any obstructions.

In this context, the aforementioned action was carried out under the guidance of Deputy Municipal Commissioner (Zone-2) Prashant Sapkale and the leadership of Assistant Commissioner (G-North Ward) Yogesh Desai. Under this initiative, 12 unauthorized structures—including temporary sheds and illegal platforms—were removed in Dadar, near the ‘Late Maa Saheb Meena Tai Thackeray Flower Market’ and along ‘Senapati Bapat Marg’. Additionally, 60 street vendors who were obstructing the footpaths were cleared from the area. Adequate police personnel were deployed on-site during the operation.

Meanwhile, the Municipal Corporation is taking measures to ensure that footpaths remain open and accessible to pedestrians. Consequently, the Municipal Corporation administration has issued directives prohibiting any unauthorized construction on footpaths, as well as the placement of any items that might obstruct the path for pedestrians. Strict action will be taken against any such violations.

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Crime

ED files FIR, foils bid to trespass flat attached in extortion case against Dawood’s brother

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In a matter related to fugitive don Dawood Ibrahim’s brother, the Enforcement Directorate (ED) lodged an FIR seeking action against miscreants who trespassed a Thane flat that was attached earlier in connection with an extortion case registered against Iqbal Ibrahim Kaskar, an officials said on Friday.

The flat was attached by the ED in 2022 during money laundering investigation in a case relating to extortion by accused Iqbal Kaskar, younger brother of underworld don Dawood, who is suspected to be in Pakistan, the official said in a statement.

The FIR was filed as a deterrent action against miscreants for trespassing the “confirmed attached properties” in the possession of the ED’s Mumbai Zonal Office-I, it said.

“The FIR was lodged on October 15 after restoring the possession of a flat in Thane (West) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002,” the ED said.

“In respect of the alleged unauthorised entry and interference with the attached property, an FIR dated October 15 has been registered at Kasarvadavali Police Station in Thane under Sections 329(4) and 223 of the Bharatiya Nyaya Sanhita, 2023, so that the matter is investigated and trespassers are punished,” the ED added.

The property was provisionally attached vide provisional attachment order dated April 8, 2022, during money laundering investigation in the extortion case against Iqbal Kaskar and others, it said.

The provisional attachment was subsequently confirmed by the Adjudicating Authority under Section 8(3) of the PMLA vide order dated September 29, 2022, and possession of the flat was also taken by the ED on December 17, 2024, under Section 8(4) of the PMLA, the statement said.

The ED investigation was initiated on the basis of FIR registered at Kasarvadavali Police Station in Thane, concerning allegations of extortion against, inter alia, Iqbal Kaskar, Mumtaz Azaz Sheikh alias Raju, Israr Ali Jamil Saiyad and others.

During investigation, it was revealed that pursuant to threats and extortion, flats were demanded to be registered in favour of or at the instance of the accused persons, the ED said.

In this context, Flat No. 405 was registered in the name of Mumtaz Azaz Sheikh on May 29, the ED said.

It came to notice that some people had entered the property, broken the lock and removed the ED’s possession notice, the statement said.

The ED conducted inspections and took necessary steps to safeguard the attached property.

The matter was also placed before the Special PMLA Court, which also directed the ED to restore the possession with police assistance, if required.

In compliance and also to safeguard the property, the lock of said flat was changed in presence of police personnel and witnesses and the possession of the said flat was restored, the ED said.

A fresh notice was also affixed on the premises clearly mentioning that any aggrieved person may either approach the office of the ED or the court where the trial of the case is being conducted, it added.

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Business

ED attaches Rs 85.2 crore Kolkata land linked to Unity Infraprojects bank fraud case

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The Enforcement Directorate (ED) has provisionally attached an immovable property spread over approximately 14.51 acres in Kolkata valued at Rs 85.20 crore, in connection with a bank fraud and money laundering case involving M/s Unity Infraprojects Ltd. (UIL) and others, the agency said on Friday.

According to the ED, the attached land, located at Mouza Chakgaria in Kolkata, is held in the name of M/s Suburban Agriculture Dairy & Fisheries Pvt. Ltd. (SADAFPL). The attachment was made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

The money laundering investigation stems from an FIR registered by the CBI’s Bank Securities & Fraud Branch in Mumbai on a complaint lodged by the State Bank of India.

The FIR alleges that UIL, in connivance with its promoters, directors and associated entities, defrauded a consortium of 23 banks by availing credit facilities of around Rs 3,200 crore. The total outstanding dues, including interest, are estimated at approximately Rs 3,800 crore.

According to investigators, the fraud involved fictitious transactions, round-tripping of funds, manipulation of financial records, and diversion of funds through shell entities.

The ED said its probe revealed that funds from UIL were routed through its wholly owned subsidiary, Unity Realty & Developers Ltd. (URDL), and subsequently used to acquire and hold assets through associated companies. SADAFPL was identified as a step-down subsidiary of UIL through URDL.

Further investigations established a trail linking the Chakgaria land parcel to funds originating from UIL and its group entities, indicating diversion and layering of proceeds generated from the scheduled offences. The property was attached under Section 5(1) of the PMLA to prevent its transfer or disposal pending confiscation proceedings.

The agency noted that in July 2025 it had conducted searches at residential and commercial premises, as well as bank lockers, linked to UIL, its former directors and their family members. During those operations, movable assets worth Rs 31.21 crore were seized or frozen.

The ED had also attached land parcels and flats valued at about Rs 1,493 crore through three separate provisional attachment orders, all of which were later confirmed by the Adjudicating Authority under the PMLA.

With the latest attachment, the total value of movable and immovable assets attached or frozen in the case has risen to about Rs 1,609 crore, the agency said.

The ED further informed that it filed a prosecution complaint before the Designated Special Court, City Civil and Sessions Court, Greater Bombay, Mumbai, on March 27, 2026.

Further investigation is underway.

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