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...

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. The JITs have been 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.

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