India becomes most promising investment destination for Japanese companies
Sai Nikesh D | The Dollar Business India is the top destination for future investments, followed by Indonesia and China, for the Japanese manufacturing sector, according to a recently concluded survey by the Japan Bank for International Cooperation (JBIC) conducted on 1,021 Japanese manufacturing companies last year. “For the first time since this survey began (in 1989), India with high expectation for its market expansion ranked 1st place. It received responses from a wide range of industries, including automobiles, chemicals and electrical equipment & electronics,” said the JBIC report. Compared to 213 companies in 2013, 229 Japanese companies voted in favour of India last year and said that India was the best destination for investments in the medium term ...
