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

December 23, 2019

In December 2019, 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. This is the third time the progress report has been exchanged.

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

Outline of the Japan Industrial Townships (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. Major progress since October 2018 (when the previous progress report was exchanged) includes the opening of ORIGINS Industrial Park in Chennai, and nine Japanese companies have moved into the four industrial parks.

Appendices

Division in Charge

Southwest Asia Office, Trade Policy Bureau

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