New Delhi: Japan wants to be a partner while rolling out India's national manufacturing policy which aims at creating 100 million jobs and enhancing the country's share in the GDP to 25 per cent in 10 years.
Japan External Trade Organization ( JETRO), an arm of the ministry of economy, trade and commerce is likely to propose to Indian government that Japan should be declared a partner country while promoting India's manufacturing policy.
N Noguchi, JETRO's chief director general in India told ET that most of 820 Japanese companies which are active in India are in manufacturing sector, and many more such companies are willing to shift their bases to India. Hit by economic downturn, the Japanese market is shrinking every day and most of the Japanese companies want to shift bases outside the country.
"After the disastrous flood in Thailand last year, many Japanese companies realized they should not concentrate their manufacturing centers only in one place. They want to set up manufacturing facilities in India so as to minimize risks", Noguchi said.
Noguchi who had an earlier innings in India between 2005 and 2010, said many Japanese companies were also enthused by the success story of the newly developed Neemrana industrial area in Rajasthan. Over 30 Japanese companies including Daikin Air-conditioning, Nissin Brake, Mitsui Chemical etc. are setting up their plants in Neemrana area.
"Japanese companies are already contributing to manufacturing sector in India. But if we officially partner with India's national manufacturing policy, the process will get a momentum," said Noguchi.
No comments:
Post a Comment