In the face of worsening trade relations between China and the West, Japanese companies are turning to India for their supply chain needs. As India experiences rapid development, ongoing economic reforms, and closer ties with Japan, it has become an attractive alternative for businesses looking to diversify.
Indian Ambassador to Tokyo, Sibi George, highlighted the increasing interest from Japanese prefectural governors leading business delegations to India in search of skilled manpower and investment opportunities. Small and midsize Japanese companies are particularly intrigued by India’s rapidly evolving business landscape, with regions such as Gujarat, Odisha, and Tamil Nadu showing promising growth.
With geopolitical tensions on the rise, countries like Japan are seeking to shift their supply chains away from China, making India a strategic choice for new investment ventures. This trend signifies a growing partnership between Japan and India, as they work together to navigate the changing global trade dynamics.
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