Japanese Firms Rank India As Top Investment Destination

More than 72% of Japanese companies said they were keen to expand their business operations in India

63.2% of the companies also expected their profitability to increase in India

According to Takashi Suzuki, Chief Director General (South Asia), JETRO, Japanese companies are also looking at India for their product development for the global markets, in line with PM Modi’s vision of “Make in India for the World”

Several Japanese majors including Panasonic, Toshiba, Sony and NEC already have their R&D centres in India

Earlier this year, Japanese PM Kishida had also announced an investment plan of Rs 3,20,000 crore in India in the next five years