India has invited Japanese companies to invest in various emerging sectors such as ICT, renewable energy, electric vehicles, drones, robotics and textiles.
Measures to increase investment between the two countries were discussed in a meeting between the Department for Promotion of Industry and Internal Trade (DPIIT) and Japan’s Ministry of Economy, Trade and Industry (METI) held here on Monday. Both sides reviewed the progress of Japanese Industrial Townships (JITs) in India.
DPIIT and states have offered Japanese investors developed land and infrastructure in these industrial cities or townships, the Ministry of Commerce and Industry said in a statement.
JIT was established in April, 2015. Japan is the only country that has country-centered industrial townships across India.
The facilities in these townships are ready and anyone can come here and start functioning, the statement said. According to the statement, Japanese companies can invest here in information and communication technology, renewable energy, electric vehicles, drones, robotics and textiles.