Japan will be the right partner and India will be the right destination for setting up manufacturing companies by Japanese businesses, he added.
The Rajya Sabha member has also sanctioned Rs 1 crore from his Member of Parliaments Local Area Development fund for fighting Covid-19 crisis.
Sources said though Prabhu has tested negative for the coronavirus, he, however, has decided to stay in isolation as a precaution.
The former minister said that India also needs to identify the export market requirement and work towards building it.
He also appealed to the people of Andhra Pradesh to not be misled by the false campaigns against the CAA and the NRC.
BJP MP Suresh Prabhu said he would take up the demand for retaining Waltair railway division in the new zone with the railway minister.
The development also comes on a day when several passengers on a Jet Airways flight from Mumbai to Jaipur suffered nose and ear bleeding.
The minister's comments come at a time when the airline industry is grappling with tough times as high oil prices and stiff competition are crimping the profitability of carriers.
Prabhu said the ministry as such cannot interfere with the fares but it is "doing it" in this time of crisis.
Prabhu pointed out that the current scenario was the “most challenging period of the last 70 years” for global trade and that the WTO’s very existence is under threat.
Commerce and Industry Minister Suresh Prabhu, who is visiting the US next month, will raise various trade related issues with his US counterpart including the import duty hike on steel and H1B Visa.
Due to the fractured verdict, jockeying for power has begun in the state, with contenders BJP and JD(S)-Congress combine intensifying efforts to outmanoeuvre each other.
Trump has mentioned India along with China several times over the last few months in the context of reciprocal taxes, alleging unfair import duties on American products and violation of WTO
76 injured as Nagpur-Mumbai Duronto Express derails in Maharashtra; third accident in 10 days, first since Suresh Prabhu's offer to quit
Nine coaches of the Nagpur-Mumbai Duronto Express derailed near Asangaon of the Kasara-Mumbai suburban railway section at around 6.35 am.
Maintenance equipment found at accident site; Railways probing if repair work was authorised