Japan scouts for foreign direct investment from Indian firms
Japan has sought direct investment from Indian companies as part of its target to attract overseas Foreign Direct Investment (FDI) of $300 billion by 2020. “Japanese government targets FDI of nearly $300 billion from overseas by 2020. To promote direct investment into Japan, we will provide assistance to interested Indian companies,” Japan External Trade Organization (JETRO) President Shigeki Maeda told reporters here during the ‘Invest Japan Seminar’. The event was organised in association with industry body Ficci as part of the “Japan-India Internet of Things (IoT) Investment Initiative”.
“We will also establish “India Desk” with Indian staff in our Tokyo HQ for Indian companies to ease consultation,” Maeda added. “We are also planning to deploy sector based experts in our offices in India to support potential direct investment to Japan”, Maeda said. According to him, Indian corporates can look at Japan as the new market for IT, pharma and hospitality sectors. JETRO has supported over 12,000 projects from across the world in the past 11 years and 1,245 foreign companies, including 25 Indian companies have started their business in Japan.