Japanese business set-ups in India decline

Tribune News Service

New Delhi, September 1

The number of Japanese business establishments in India, as of October 2019, has decreased by 80 as compared to the same month in 2018. The total number of Japanese business establishments in October 2019, is 5,022 which is a decrease by 80 (1.6% decline) as compared to 5,102 in 2018, according to a Japanese embassy news release.

However, the total number of Japanese companies registered in India, is 1,454, an increase of 13 (0.9% growth) as compared to 1,441 in 2018. The take-off occurred during the UPA regime when the number of Japanese companies rose from 250-odd in 2006 to over 1,100 in 2014.

West Bengal (24) and Haryana (407) exhibited the largest increase in the numbers of Japanese companies while Punjab accounted for just two and there is none in Himachal. After Haryana, Japanese companies have a substantial presence in Maharashtra, Karnataka and Tamil Nadu.

Gujarat, the home state of PM Modi and which then Japanese PM Shinzo Abe had visited, accounts for only 39 Japanese companies and is behind Rajasthan and UP in terms of numbers.

There was a significant increase in the number of companies in such sectors as information and communications as well as services. The manufacturing sector accounts for half of the total Japanese companies and more than a third of the Japanese business establishments in India.

The total number of business establishments decreased while the number of companies increased, because some companies became non-Japanese due to the closure of office, corporate restructuring and change of ownership.