India has asked the Japanese electronics industry to invest in the country and benefit from subsidies and other support being offered by the Government.

“Government of India has decided to offer a package of incentives to attract domestic and global investments into Electronic System Design & Manufacturing (ESDM) sector within Electronic Manufacturing Clusters (EMC) Schemes. In addition, the Government has recently approved the proposal for setting up of two Semi-conductor Wafer Fabrications (FAB) manufacturing facilities in the country,” Commerce & Industry Minister Anand Sharma informed a team of top Japanese industrialists headed by Keidanren (Japanese Business Federation) Chairman Hiromasa Yonekura.

The Minister invited Japanese manufacturers to avail subsidy and other support being offered by Government of India for establishing FAB facilities in India, an official release said.

Sharma also stressed on strengthening of cooperation in creative industries such as design, apparel, fashion, food, house-hold goods, music, movies, animation and traditional craft.

Six Memorandums of Understanding (MOUs) between Japanese companies and Indian companies in areas such as traditional/regional products, animation, apparel/fashion, lifestyle/luxury products and food were signed in the recent past.

Sharma and Yonekura also discussed the progress in the Delhi Mumbai Industrial Corridor where Japan is the main partner.

The Minister said both sides should collaborate more to realise the full potential of the India Japan Comprehensive Economic Partnership Agreement (CEPA).  

amiti.sen@thehindu.co.in

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