Japan, India jointly review work under Japanese Industrial Townships
ECONOMY & POLICY

Japan, India jointly review work under Japanese Industrial Townships

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

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

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?