For Japanese FDI, Govt considers incentives

In that regard, the Delhi-Mumbai industrial corridor, which is a concept mooted by the Japanese themselves, would take care of these requirements in a big way as this involves setting up of SEZs along with developing associated infrastructure facilities such as in roads, ports and power.

That way, sources said, this 8220;unique initiative8221; would reduce the Japanese companies8217; interface with various policies both at the central and state level and would give an opportunity to make India their hub for exports to the global market.

Nath clearly mentioned how some Japanese companies wanted to make India a hub for the export of gear boxes to the European market. Once the industrial corridor, which also involves setting up of SEZs is formally announced, this facility would be crucial for the Japanese companies to meet the requirements of their western market. Nath also said that the CEPA with Japan would be worked out in a manner that 8220;India would be the western hub to an East Asia market8221;.