)
India has been ranked the top destination for future investments by 1,000 manufacturing companies of Japan.
The survey, conducted by Japan Bank for International Cooperation (JBIC), ranked Indonesia as the second country after India in this respect. China was placed third, according to an official statement.
The survey showed that some Japanese companies are seriously contemplating their future investment plans amounting to about $12 billion in the next 2-3 years.
FDI inflow from Japan amounted to $618 million during June-September, 2014 against $ 273 million for the corresponding period in 2013. The new government assumed charge on May 26, this year, the statement said.
In October 2014, the number of Japanese companies in India had reached 1209, which is 13 per cent higher over the same period last year with a compounded annual growth rate of 13.67 per cent for the last five years --2010 to 2014.
The government has set up Japan Plus, a special management team, to facilitate Japanese investors. The team is actively interacting with Japanese companies and hand-holding them through various approval processes.
One of the mandates of Japan Plus is to help develop Japanese Integrated Industrial Parks. For this, discussions are going on with Japanese companies and the state Governments concerned.
In this respect issues related to the Rajasthan government concerning Japanese companies Sojitz, working for Dedicated Freight Corridor (DFC), has been resolved, the statement said.
