Kolkata: Japanese investments in the country is expected to touch $5 bn over the next three years, a government official said here on 2 November.
From July 1991 to July 2007, cumulative FDI flow from Japan was around $2,585 mn out of $60.2 billion that the country received in total, Sanjay Thade, Director in the Department of Industrial Promotion and Policy, said in a seminar on ‘Doing Business with Japan´ organised by FICCI.
Most of the investments would flow into auto, auto components, infrastructure and chemicals sectors. India mainly exports gems, jewellery, iron ore, textiles and marine products to Japan.
The balance of trade was in favour of Japan, he said, adding that it is the 13th largest trading partner of India. Referring to the Indian toy industry, he said that the government was in talks with Japan External Trade Organisation (JETRO) for developing a testing centre for toys exported to Japan.