In pursuance of the spirit of the Tokyo Declaration for India-Japan Special and Global Partnership, Department of Industrial Policy & Promotion (DIPP) has set up a Special management team known as ‘Japan Plus’ to facilitate and fast track investment proposals from Japan and to support the Government of India in initiating, attracting, facilitating and handholding Japanese investments across sectors. The team has been operationalized w.e.f. October 8, 2014. The Team comprises four professionals from India and two representatives of the Government of Japan.

 According to Japan Plus, the team has guided over 120 Japanese companies on various aspects of business. Japan Plus has discussed with several state governments for setting up Industrial Parks of international Standard in order to provide a ready-made operational platform with basic infrastructure. As per information available with Government, there was US$ 1,107.59 million inflow of Foreign Direct Investment from Japan to India during June, 2014 to December, 2014.

 No trade restrictions have been imposed by Japan on fisheries stock from India.

 This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

Investment facilitation: Japan Plus accelerates Japanese investment into India and confirms no fisheries trade restrictions. The Government has operationalized a Special management team, Japan Plus, within the Department of Industrial Policy & Promotion to expedite, support and handhold Japanese investment proposals, guide Japanese companies, coordinate with state governments on Industrial Park Development, and the government disclosed recent foreign direct investment inflows from Japan while confirming that no trade restrictions have been imposed by Japan on fisheries stock from India.