New Delhi, Jan 17 (KNN) In a research conducted by Japan Bank for International Cooperation (JBIC), India has been as the number one destination for future investments reaching 1209 Japanese companies. It is 13 per cent higher over the same period last year with a CAGR of 13.67 per cent (for the last five years 2010 to 2014).

Some Japanese companies are seriously contemplating their future investment plans in India amounting to about Rs 75,000 crores in next 2-3 years, said the Ministry of Commerce and Industry.

This augurs well for Prime Minister Modi’s call for Japanese investment for his pet project ‘Make In India’.  Japanese companies are also showing interest in Indian MSMEs. 

According to the survey, during the period June 2014 to September 2014, FDI inflow from Japan amounted to USD 618 million against USD 273 million for the corresponding period in 2013. FDI inflow of USD103.14 million took place in October 2014. 

Government has set up Japan Plus, a special management team, to facilitate Japanese investors. The team is actively interacting with Japanese companies and handholding them through various approval processes, as and when required.

Also, the issues related to the tate Government of Rajasthan concerning Sojitz, working for Dedicated Freight Corridor (DFC), has been resolved. 

One of the mandates of Japan Plus is to help develop Japanese Integrated Industrial Parks. For this, discussions are going on with Japanese companies and the state governments concerned, it said. (KNN)