Japan Inc’s Huge Base Near Delhi: 1,000 Acres, Karaoke Lounges, Factories

DoThe Best
By DoThe Best July 11, 2017 17:18

Japan Inc’s Huge Base Near Delhi: 1,000 Acres, Karaoke Lounges, Factories

Japan Inc’s Huge Base Near Delhi: 1,000 Acres, Karaoke Lounges, Factories

In the desert-like scrub land of Rajasthan, beside a barren stretch of highway, an unlikely oasis appears: an island of Japan Inc.

On more than 1,100 acres of land dedicated exclusively to Japan’s corporations, global titans such as Toyota Motor Corp., Daikin Industries Ltd. and Hitachi Ltd. have clustered together to protect themselves from the vagaries of the chaotic business landscape.

Located roughly three hours from  Delhi at Neemrana, the sprawling industrial estate provides Japanese companies with largely uninterrupted power and water supplies. It also offers a streamlined license and approval process that bypasses local officials who might ask for bribes. These are rare luxuries in a country ranked 130th by the World Bank for ease of doing business. The project has been so successful that there are plans for another location that is similarly dedicated to Japanese firms.

For Japanese expats, the perks are even better. There are three karaoke lounges, a hotel with Japanese TV channels and magazines, traditional pine-wood baths, a golf simulator and four restaurants serving everything from ramen to sushi.

“In India, the size of investment matters,” said Takayoshi Tokimune, the managing director of the India subsidiary for Dainichiseika Color & Chemicals Manufacturing Co. “So we flocked together.”

Japan’s foreign direct investment in India has risen since the global financial crisis, reaching nearly $3.5 billion in 2016. Japan is India’s 10th largest trading partner with the bilateral relationship worth about $14.5 billion.

[News Source] 

DoThe Best
By DoThe Best July 11, 2017 17:18
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