‘Japan Plus’ to Catalyze the Indo-Japen Trade

‘Japan Plus’ to Catalyze the Indo-Japen Trade
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In pursuance of the spirit of the Tokyo Declaration for India-Japan Special and Global Partnership, Department of Industrial Policy & Promotion (DIPP) has set up a Special management team known as ‘Japan Plus’ to facilitate and fast track investment proposals from Japan and to support the Government of India in initiating, attracting, facilitating and handholding Japanese investments across sectors. The team has been operationalized w.e.f. October 8, 2014. The Team comprises four professionals from India and two representatives of the Government of Japan.

According to Japan Plus, the team has guided over 120 Japanese companies on various aspects of business. Japan Plus has discussed with several state governments for setting up Industrial Parks of international Standard in order to provide a ready-made operational platform with basic infrastructure. As per information available with Government, there was US$ 1,107.59 million inflow of Foreign Direct Investment from Japan to India during June, 2014 to December, 2014.

No trade restrictions have been imposed by Japan on fisheries stock from India.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Mrs Nirmala Sitharaman in a written reply in Lok Sabha on March 13th , 2015 at Rajya Sabha.

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