Kolkata: Japanese companies are turning their attention towards India with hopes of significant expansion in the eastern and north-eastern regions, a top official of the Japan External Trade Organization (JETRO) said here on Friday.
JETRO is a Japanese government-related organization that promotes mutually beneficial trade and investment relationships.
The official said the current uncertainties have prompted Japanese companies to explore alternatives to their traditional markets, including notable interest in India.
Suzuki Takashi, Chief Director General, Jetro India, said, “Due to the current geopolitical situation, more and more Japanese companies are looking for alternative markets, including India. I expect a significant increase in the number of Japanese companies in India in the near future. Will happen." On the occasion of the 15th Business IT Conclave organized by The Bengal Chamber.
Takashi highlighted the intentions of several major Japanese corporations such as Daikin and Suzuki to increase their investments in India, especially in the research and development and manufacturing sectors.
While China currently hosts about 20,000 Japanese companies, India hosts only 1,400, officials said, with recent Japanese investments averaging US$2.4 billion annually, compared to US$4 billion in China in the last decade. Was invested.
Despite the modest presence of 25 Japanese companies in West Bengal and the absence of a Jetro office in Kolkata, Takashi remained optimistic about the expansion of Japanese business activities in the eastern states.
Takashi also chaired a meeting with the Bangladesh JETRO office to promote greater cooperation and help Japanese companies build better synergy in both India and Bangladesh.
JETRO is a Japanese government-related organization that promotes mutually beneficial trade and investment relationships.
The official said the current uncertainties have prompted Japanese companies to explore alternatives to their traditional markets, including notable interest in India.
Suzuki Takashi, Chief Director General, Jetro India, said, “Due to the current geopolitical situation, more and more Japanese companies are looking for alternative markets, including India. I expect a significant increase in the number of Japanese companies in India in the near future. Will happen." On the occasion of the 15th Business IT Conclave organized by The Bengal Chamber.
Takashi highlighted the intentions of several major Japanese corporations such as Daikin and Suzuki to increase their investments in India, especially in the research and development and manufacturing sectors.
While China currently hosts about 20,000 Japanese companies, India hosts only 1,400, officials said, with recent Japanese investments averaging US$2.4 billion annually, compared to US$4 billion in China in the last decade. Was invested.
Despite the modest presence of 25 Japanese companies in West Bengal and the absence of a Jetro office in Kolkata, Takashi remained optimistic about the expansion of Japanese business activities in the eastern states.
Takashi also chaired a meeting with the Bangladesh JETRO office to promote greater cooperation and help Japanese companies build better synergy in both India and Bangladesh.
