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India to get massive investments from Japanese companies
India Brand Equity Foundation (IBEF) has said in a report named “Proven Strategies: Japanese Companies in India” that the Indian market is expected to get massive investments from Japanese firms in the near future.
The report claims that companies like Suzuki, Honda, and Toyota are planning to enhance their investments in the Indian market massively in the coming years.
The foundation released this report at the World Economic Forum’s East Asia Summit 2006 in Tokyo. They would also be releasing a Japanese version of the report would be released in Tokyo on June 14.
They surveyed as many as 25 successful Japanese organizations in India for this report and highlighted the best practices adopted by Japanese companies to succeed in the Indian market.
Kamal Nath, minister of commerce and industry spoke about this report: “This report should serve as a strong proof point for Japanese companies looking at globally competitive investment destinations. The companies profiled here are a small sample of the 300-plus Japanese businesses that are thriving in India, today. I invite more Japanese companies to put their faith in the world’s fastest-growing free market democracy.”