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FDI focus on manufacturing

The key to bilateral trade expansion is Japan's FDI in the Indian manufacturing sector. The two way trade between Japan and India has increased by only 20 per cent to $5 billion in 2004 from $4 billion in 1998. Leaving traditional trading structure as it is, where only three items, namely diamonds, shrimps and iron ore share 54 per cent of Japan's import from India, high growth of bilateral trade can be hardly expected. Hence, the key to the bilateral trade expansion should be increased Japan's FDI in Indian manufacturing sector.

Source: Embassy of Japan

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