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Japan and India Exchange Progress Reports of Japan Industrial Townships in India

November 2, 2018

In October 2018, the Ministry of Economy, Trade and Industry (METI) generated a progress report which describes the efforts of the governments of Japan and India for improvement of business environments in the Japan Industrial Townships (JITs) in India and achievements thereof. METI and the Ministry of Commerce and Industry (MCI), India, exchanged respective progress reports.

The development and advancement of the JITs are expected to help further acceleration of Japanese companies’ investment in India.

Outline of the JITs

In September 2014, Mr. Shinzo Abe, Prime Minister of Japan, and H.E. Mr. Narendra Modi, Prime Minister of India, announced the Japan-India Investment Promotion Partnership. As part of this partnership agreement, Japan decided to develop the JITs, an industrial zone in which Japanese companies are able to smoothly start and develop business in India. At the same time, the agreement requires India to develop business environments and provide incentives not lower than those in the Special Economic Zone (SEZ).

Appendix

Division in Charge

Southwest Asia Office, Trade Policy Bureau

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