India-Japan bilateral trade has doubled in the past decade
In the past decade, trade from India to Japan, and vice-versa, has doubled, which is a clear indication of the two countries’ growing interest in each other. Japanese private sector companies are increasingly focusing on India, and more than 1,200 Japanese organisations now operate in the country. In addition, demonstrating its support towards Make-in-India, Japan has announced a special financial package of $12 billion for Japanese companies wanting to invest in India for Make-in-India-related projects. This is called the ‘Japan-India Make-in-India Special Finance Facility’. India’s strategic location between the Middle East, China and newly emerging economies such as Bangladesh, Bhutan, Burma and Sri Lanka makes it conveniently accessible for a large part of the world. More news here.