Home Top Story Japan likely to invest Rs 75,000 cr

Japan likely to invest Rs 75,000 cr

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The News Bureau, Jan 16

Japanese companies had been contemplating to invest Rs 75,000 crore (approximately US $ 12 billion) in 2-3 years in India. India has been ranked as the number one destination for investments followed by Indonesia (ranked No.2) and China (ranked No.3), according to a survey conducted by Japan Bank for International Cooperation.

In 2014, over 1200 Japanese companies reached India, which is 13% higher over the same period las

year with a compound annual growth rate of 13.67% between 2010 and 2014.

Between June and September in 2014 FDI inflows from Japan amounted to US $ 618 million against US $ 273 million for the corresponding period in 2013. FDI inflows of US $ 103.14 million took place in October 2014.

The Modi Government had set up Japan Plus, a special management team to facilitate the Japanese investors.

The team had been interacting with Japanese companies and leading them through various approval processes. Issues related to Rajasthan concerning Sojitz, working for Dedicated Freight Corridor has been resolved.

One of the mandates of Japan Plus is to help develop Japanese Integrated Industrial Parks and discussions are going on with Japanese companies and the State Governments concerned.

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