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.
