India aims to attract Japanese investments in manufacturing sectors like electronics, semiconductors, and automobiles, creating new opportunities outlined in the report “India’s Growth Story: Unlocking New Opportunities for Japanese SMEs” by Shardul Amarchand Mangaldas and FICCI. Collaboration potential exists in areas including warehousing, packaging, cold chain infrastructure, dairy, defense manufacturing, and aerospace.
The report emphasizes the tech synergy between Japanese firms and India’s IT industry, offering innovative opportunities. India’s start-up scene and research institutions excel in automation, data analytics, and IoT. To boost global efficiency, Japanese SMEs should engage in joint research projects and tech transfers for adopting these advanced solutions into their operations.
The report highlights India’s substantial domestic market driven by a growing affluent middle class, promising strong internal demand across various sectors. This vast market acts as a buffer against global economic fluctuations, providing a secure base for sustained growth.
India’s export-friendly policies, coupled with trade agreements and strategic location, attract Japanese firms as an ideal export base, particularly for markets in Africa and the Middle East. Setting up operations in India allows Japanese companies to leverage its benefits for global growth.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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