Keeping its promise to help India in developing its infrastructure, Japan has identified 11 sites to set up industrial townships in India, reports Economics Times.
These include Tumkur in Karnataka, Ghilot in Rajasthan, Mandal in Gujarat, Supa in Maharashtra, Ponneri in Tamil Nadu, Neemrana in Rajasthan, Jhajjar in Haryana and the Integrated Industrial Township in Greater Noida.
Apart from investment in infrastructure, Japan will also provide soft-skills training to Indian workers in the manufacturing sector to help bridge the demand-supply gap.
Japan’s investment in India will strengthen domestic manufacturing and support the ‘Make in India’ campaign.
To make the investment process easier for Japan, the government is planning to give concessions to Japanese companies in the industrial townships. A government official said:
“We are yet to work out the investment incentives for the companies, but it will definitely not be lower than what is under the prevailing policy framework including Special Economic Zones(SEZs) and National Investment & Manufacturing Zones(NIMZs), like what has been announced for the Chinese industrial parks as well.”
Japan is the fourth-biggest foreign investor in India, contributing 7% to the total FDI inflows since April 2000.