Japan to subsidise manufacturers if they shift to India from China: Report

The subsidy aims to reduce Japan's reliance 'on a handful of links' in its supply chains, says Nikkei Asian Review.

Japanese manufacturers will be eligible for government subsidies if they shift production out of China to India or Bangladesh, said a media report on Friday.

The subsidy programme aims to diversifying Japan's supply chains. Manufacturers can receive subsidies for feasibility studies and pilot programs. The total amount granted is expected to run into the tens of millions of dollars, said the Nikkei Asian Review.

The subsidy aims to reduce Japan's reliance "on a handful of links in its supply chains", particularly China, and ensure a steady flow of such products as medical supplies and electrical components in an emergency, said