Of late, there has been a massive surge of Japanese business interest in India. Around 200-300 firms from the island nation, including multi-million dollar companies Hitachi Medical and Asahi Beer, are actively looking to set up base in this country. With an aging population at home and a contracting market, after China, India is seen as the next logical growth area for the Japanese industry, say industry observers. “Most of the Japanese companies are now interested in the Indian market, because it is a big country and they see a huge potential for the future. Previously, the investment climate was not as good, but now, the Indian Government is trying to relax some policies,” Mr Masaki Ida, Chief Director-General, Japan External Trade Organisation (JETRO), New Delhi, told Business Line.
Source: The Hindu Business Line
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