Japan Plus established by govt to fast track investment proposals from Japan

By Accommodation Times News Services

Japan investmentGovernment establishes a special management team to facilitate and fast track investment proposals from Japan. The team, known as “Japan Plus”, will comprise representatives from Government of India and METI (Ministry of Economy, Trade and Industry), Government of Japan. The system is set by Department of Industrial Policy & Promotion (DIPP) and it will look after the operations of the team.

As an outcome of the recently concluded visit of the Prime Minister of India to Japan, the mandate of the “Japan Plus” team runs through the entire spectrum of investment promotion research, outreach, promotion, facilitation and aftercare. The team will support the Government of India in initiating, attracting, facilitating, fast tracking and handholding Japanese investments across sectors. The team will also be responsible for providing updated information on investment opportunities across sectors, in specific projects and in industrial corridors in particular. In addition, the “Japan Plus” team will identify prospective Japanese companies, including, Small and Medium Enterprises (SMEs) and facilitate their investments in India.

The “Japan Plus” team will also provide assistance to DIPP in undertaking regular benchmarking studies, identifying bottlenecks and areas of concern in sectors of interest to Japanese companies, and analyzing their impact on industrial development production in India.

“Japan Plus” has been operationalized w.e.f. October 8, 2014. “Japan Plus” will be coordinated by Mr. Kenichiro Toyofuku from METI and will comprise of four Indians and two Japanese officials. “Japan Plus” can be reached at japanplus@nic.in and at k.toyofuku@nic.in

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