February 14, 2022 3:12 PM

printer

70th anniversary of establishment of diplomatic relations between India and Japan

<span style="color: #222222;">A Joint Meeting was held between India and Japan for annual review of progress under Japanese Industrial Townships (JITs) in India.<br />''<br />'' It was held between India's (Department for Promotion of Industry & Internal Trade (DPIIT) and Japan's Ministry of Economy, Trade and Industry During the meeting, DPIIT and the States presented the developed land and infrastructure readily available for Japanese investors in these townships. Japanese companies were invited for field visits to the JITs to attract investments.<br />''<br />''It was highlighted that India has announced various schemes to attract investments and improve ease of doing business in India. Opportunities for investments in Information and Communication Technologies, Renewable Energy, Electric Vehicles,<br />''<br />''Drones, Robotics and Textiles sectors were also showcased.<br />''<br />''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.<br />''<br />''Japan Industrial Townships were set up pursuant to the "Action Agenda for the India-Japan Investment and Trade Promotion and Asia-Pacific Economic Integration" signed between Japan and India in 2015 to facilitate Japanese investment to India. Currently there are 114 Japanese companies across the JITs.<br />''<br />''Japan is the only country that has dedicated country-focused industrial townships across India. These Japanese Industrial Townships 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.<br />''<br />''It is also worth noting that this year marks the 70th anniversary of establishment of diplomatic relations between India and Japan. The two countries had established diplomatic relations in April 1952.</span><br />

Most Read
View All arrow-right

No posts found.