News: 'Japanese cos to invest $1.8 b in India in next 3 yrs'

(BL 23/07/2006) New Delhi - Japanese investment in India will rise three times to $600 million per year as a host of Japanese companies have expressed interest to collectively invest $1.8 billion in the next three years, said Dr Ajay Dua, Secretary, Department of Industrial Policy and Promotion.

While speaking at a press conference after Japan External Trade Organisation's announcement to set up a business centre in India, he said, "About 21 large Japanese companies have expressed interest in investing in India mainly in auto, telecom and chemicals."