Japan, India jointly review work under Japanese Industrial Townships

16 Feb 2022 CW Team

The progress of the Japanese Industrial Townships (JITs) located in India has been jointly reviewed by the Department for Promotion of Industry and Internal Trade (DPIIT) along with the Ministry of Economy, Trade, and Industry (METI), Japan.

Currently, there are 114 Japanese companies operating in the JITs. Being the fifth largest investor, Japan’s contribution is over $36.2 billion in India in cumulative investments since 2000, including the key sectors like electronics system design and manufacturing (ESDM), automobiles, textiles, medical devices, consumer goods, chemicals, and food processing.

In a statement, the Ministry of Commerce and Industry said the JITs were established in accordance with the 'action agenda for the India-Japan investment and trade promotion and Asia-Pacific economic integration which was signed between DPIIT and METI in April 2015 for taking steps towards the development of 'Japan Industrial Townships' in the country, specifically in the Delhi-Mumbai Industrial Corridor (DMIC) and Chennai-Bengaluru Industrial Corridor (CBIC) for facilitating Japanese investment in India.

The Neemrana and Sri City industrial townships are the host to the majority of these Japanese companies. Companies including Isuzu, Daikin, Yamaha Music, Kobelco, Hitachi Automotive, and others are the major Japanese investors having manufacturing in the Japanese townships. Numerous applications are received by the Production Linked Incentive (PLI) scheme that had been announced for 14 sectors.

Japanese companies have further applied for the Production Linked Incentive (PLI) schemes and have the approvals. The Central government’s initiative National Single Window System also showcased to the Japanese side.

Image Source

Also read: Prestige Group plans to set up $500 million investment funds

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..