Around 81% of Japanese companies in India are interested in making additional investments in the country, as disclosed during a Japan Country Seminar in Vadodara. The seminar, held as part of the Vibrant Gujarat Regional Conference, saw participation from representatives of the Japan External Trade Organization (JETRO), the Consulate General of Japan, and senior delegates from Japanese firms in India.
Yu Yoshida, the Director General of JETRO Ahmedabad, briefed attendees on the diplomatic ties between India and Japan and JETRO’s role in promoting trade and investment collaboration. He emphasized the support being provided to Japanese businesses for expanding their presence in India.
Highlighting the enduring partnership between India and Japan, Consul General of Japan in Mumbai, Hitomi Sato, noted the significant industrial presence of Vadodara, especially in the chemicals and petrochemicals sectors. She mentioned the recent inauguration of a Hitachi Energy power factory in Vadodara with a substantial investment of Rs 2,000 crore.
During the seminar, Sandeep Kumar, Assistant Director of JETRO New Delhi, revealed that 1,434 Japanese companies are currently operational in India, with a remarkable 81% expressing interest in subsequent investments. This positive sentiment reflects the favorable business environment experienced by Japanese firms in India, driven by the country’s increasing domestic demand.
The event also saw the presence of various dignitaries including Toshiaki Sato, Vikas Gupta, Hardik Panchal, Kazuya Okada, Amit Chaudhary, Kazuhisa Inoue, and Honorary Consul of Japan in India Mukesh Patel. The session was moderated by Sanchit Ozha, the Director of JETRO Ahmedabad.
