Indian ministry of Commerce names Japan as 5th largest investor

Japan, India's fifth-largest investor, has contributed over USD 36.2 billion in cumulative investments since 2000, the Indian Ministry of Commerce and Industry has informed.


The Ministry said that the key sectors of Japan's investment are automobiles, Electronics System Design and Manufacturing (ESDM), Medical Devices, Consumer goods, Textiles, Food Processing, and Chemicals. Currently, there are 114 Japanese companies across the JITs.

The Neemrana and Sri City industrial townships host a majority of the Japanese companies. Companies such as Daikin, Isuzu, Kobelco, Yamaha Music, Hitachi Automotive etc., are the Japanese marque investors who have set up manufacturing in these townships.

A Joint Meeting was held between Indian Department for Promotion of Industry and Internal Trade (DPIIT) and Japan Ministry of Economy, Trade and Industry (METI) for the annual review of progress under Japanese Industrial Townships (JITs) in India.


"Japan is the only country that has dedicated country-focused industrial townships across India. These Japanese Industrial Townships (JITs) offer facilities such as special Japan desks for translation and facilitation support, world-class infrastructure facilities, plug and play facilities, residential clusters, and special incentives for Japanese companies. There are ready to move in facilities and fully developed land available for allotment in these townships," the Ministry said in its release.


The Ministry further added that the emerging sectors that are new opportunities to attract Japanese investments into the JITs and India were highlighted along with showcasing the opportunities for investments in the Information and Communications Technologies, Renewable Energy, Electric Vehicles, Drones, Robotics and Textiles sectors were showcased.

Japan side highlighted the importance of India and Japan's partnership that will further expand through the "Memorandum of Cooperation on India - Japan Industrial Competitiveness Partnership" and the ongoing Supply Chain Resilience Initiative.

(ANI)

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