ENA Global 2024-11-15 17:00:50 <p><span style="font-size:14px"><strong>New Delhi, Nov 15 (KNN)</strong> At the second edition of the India-Japan Business Summit (IJBS) held in Bengaluru on November 14, Nakane Tsutomu, Consul General of Japan, announced that the Japanese government would invest a substantial 5 trillion yen (approximately USD 33 billion) in India through investments and loans over the next five years.</span></p> <p><span style="font-size:14px">This commitment marks a significant step in the deepening economic partnership between the two countries, which have mutually benefited from their collaboration over the last decade.</span></p> <p><span style="font-size:14px">The relationship between India and Japan has flourished in various sectors, ranging from infrastructure development to technology and industrial cooperation.</span></p> <p><span style="font-size:14px">Tsutomu emphasised that Japans strategic focus is on strengthening this partnership, underpinned by its extensive financial support aimed at fostering Indias economic growth.</span></p> <p><span style="font-size:14px">During the summit, Gunjan Krishna, the Commissioner for Industrial Development &amp; Director of Industries &amp; Commerce, highlighted the increasing presence of Japanese companies in India, particularly in Karnataka. The influx of Japanese businesses has led to a surge in demand for industrial space.</span></p> <p><span style="font-size:14px">To accommodate this growth, the state government is planning to develop a new Japanese industrial park in Vasanthanarasapura, located along the Chennai-Bengaluru Industrial Corridor.</span></p> <p><span style="font-size:14px">This initiative aims to bolster Japans industrial footprint in India while providing ample space for new and existing ventures.</span></p> <p><span style="font-size:14px">Krishna also extended an invitation to Japanese companies to participate in the upcoming Global Investors Meet (GIM) 2025, scheduled for February 12-14, 2025.</span></p> <p><span style="font-size:14px">The event will serve as a major platform for thought leadership and collaboration between industry and government, focusing particularly on small and medium-sized enterprises (SMEs) and startups.</span></p> <p><span style="font-size:14px">The growing economic ties between India and Japan signal a promising future of collaboration, where both nations stand to gain from mutual investment, industrial growth, and technological exchange.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39934 https://knnindia.co.in/news/newsdetails/global/japan-govt-to-invest-over-usd-33-bn-in-india-next-five-years-consul-general-nakane 2024-11-15 17:00:50 knnindia.co.in