Demonstrate strong will to invite investors to India; announce attractive package: Japan tells India

Katsuo Matsumoto, Chief Representative, (JICA) in India. 

Amid talks of Japanese companies relocating their production bases from China to elsewhere in the world as part of Japan’s new “Global Diversification Strategy” aiming at ending dependency on a single country, Japan has asked India to announce an attractive support package including tax incentives for the Japanese companies to demonstrate its strong will to invite investors to India.

Probably, not content with the pace of the current reforms India has unleashed in recent time in sectors like healthcare, social security, and MSME, Japan has said that announcing big-time reforms might be a difficult decision but it was the need of the hour as India has entered an important phase due to new global situations emerging out of COVID-19 pandemic. Read more...