Japanese Govt : Japan has sought direct investment from Indian companies as part of its target to attract overseas Foreign Direct Investment (FDI) of 300 billion USD by 2020. “Japanese government targets FDI of nearly USD 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 Mr. Shigeki Maeda told reporters here during the ‘Invest Japan Seminar’. And the event was managed in association with industry body Ficci as part of the “Japan-India Internet of Things (IoT) Investment Initiative”. “They would also establish “India Desk” with Indian staff in our Tokyo HQ for Indian companies to ease consultation,” Maeda contributed. “We are also going to plan to deploy sector based experts in our offices in our country to support potential direct investment to Japan”, Maeda told.
Inj accordance with his reports, Indian corporates can look at Japan as the new market for IT, pharma and hospitality sectors. JETRO has supported over 12,000 projects through the world in the past 11 years & 1,245 foreign companies, which also includes 25 Indian companies have started their business in Japan.