Monday, July 22, 2024
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More Japanese companies encouraged to expand into Indian market

According to Yoshiyuki Enomoto, chairman of the Japan Chamber of Commerce and Industry in India (JCCII), more Japanese companies should venture into the Indian market given the significant improvement in the business climate there.

India’s “strong growth will not stop” as “there are no major policy changes” after Prime Minister Narendra Modi began his third term last month, said Enomoto, chairman and managing director of Mitsui & Co. India.

JCCII currently has about 550 member companies. About 60 percent of the 100 or so members who have joined in the past two years are small and medium-sized companies. “The trend is completely different from before,” Enomoto said, when members were mainly large companies.

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