Japanese Companies
External affairs minister S Jaishankar and Japanese foreign minister Yoshimasa Hayashi ahead of the 15th India-Japan Strategic Dialogue on Thursday (S Jaishankar Twitter/ANI)
| July 28, 2023, 2:15 p.m.
Japan Calls on India to Enhance Investment Environment as Japanese Firms Face Challenges
Japanese Foreign Minister Yoshimasa Hayashi has urged India to improve its investment environment as Japanese companies operating in the country face various challenges related to tax issues and infrastructure. The matter was discussed during the 15th India-Japan Strategic Dialogue, where Hayashi requested cooperation to enhance the investment climate and establish a Joint Crediting Mechanism (JCM). Japanese businesses seek a more predictable, transparent, and stable business environment in India, emphasizing the need for implementing legislation and addressing tax concerns. As Japan aims to increase public and private investments in India, the Japanese Chamber of Commerce and Industry in India (JCCII) has proposed several measures to enhance the business environment.
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