Number of Japanese firms in India rises

Number of Japanese cos operating in India has gone up till October 2018, on account of improving business environment in India, said Ambassador of Japan to India Kenji Hiramatsu.

1441 –  rise in the number of Japanese business as of October 2018

$28.16 bn – received by India during April 2000 and June 2018

$15.7 bn – rise was seen in the bilateral trade between the two countries in 2017-18 from $13.6 bn in 2016-17

5% – increase as compared to the previous year

The manufacturing sector accounts for half of the total Japanese companies in India.

The Ambassador said he would like the Indian leadership to resolve issues related to tax, customs, financial and capital regulations and infrastructure as it would help in achieving "our mutual goal of doubling the number of Japanese companies in India and foreign direct investment to India in five years".