JPIC Ranks India No 1 For Future Investments
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It’s good news for the Modi government, which has been striving hard to up India’s rank in the “In October 2014, the number of Japanese companies in India had reached 1209, which is 13% higher over the same period last year with a CAGR of 13.67% between 2010 and 2014. Some Japanese companies are seriously contemplating their future investment plans in India amounting to about Rs 75,000 crores (approx. US$12 billion) in next 2-3 years,” said the ministry of Commerce in a statement.
It should be noted that the
The government had set up Japan Plus, a committee that would look into investment proposals from Japan, in October 2014. The team was set up by the Department of Industrial Policy Promotion and has members from both governments.
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