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JETRO Plan

  • Posted By
    10Pointer
  • Categories
    World Affairs
  • Published
    9th Sep, 2020
  • Japan External Trade Organization (JETRO) has recently announced that it would fund 10 Japanese companies.
  • JETRO has made India and Bangladesh part of a larger subsidy programme, estimated at $230 million.
  • This plan is unofficially aimed at helping Japanese companies in China to relocate to other countries.
  • The package was earlier aimed for relocation of Japanese companies to mostly South-East Asian countries including Vietnam, Thailand and Myanmar, but now India and Bangladesh, too, have been added to the list.
  • The recent plan includes Suzuki Motors and Olympus, to get into high-tech projects with Indian companies.
  • Approximately $1 million was set aside for the projects already identified; it would be a part of investments in machinery, factory, etc.