- Japan has one of the largest ICT industry in the world as a single country. The industry was estimated to be over USD 325 bn in 2013, ranking 3rd largest single-country market in the world.
- India is the 3rd largest tech start-up hub in the world, with presence of the 2nd highest number of internet subscribers.
- Japanese consumer electronics major Panasonic and India’ ITeS provider Tata Consultancy Services and Tata Elxsi collaborated to develop smart solutions and products for its customers in India and neighbouring countries.
$130 bn Expected value of Japan’s IT market by 2019
$350 bn Revenue expected from India’s IT&BPM sector by 2025
- Japan is one of the top exporters of construction equipments in the world, with an estimated export of USD 2.6 bn during 2011-15 making it the 3rd largest exporter during the same period.
- India’s construction market, expected to emerge as world’s 3rd largest market by 2025, currently attracts 2nd highest FDI in India and is estimated at USD 136 bn.
- Tata Hitachi Construction Machinery Company, a JV between Hitachi and Tata, through its production unit in Kharagpur is a hub for exporting to developing countries.
- Komatsu Ltd., one of world’s leading manufacturer of construction machinery has its presence in India since 1958 across seven states, with established manufacturing units in Chennai and Bengaluru.
- JICA worked with the Ministry of Railways in India for conducting pre-feasibility studies on the seven potential High-Speed Railway (HSR) corridors. They collaboratively developed the alignment plan for the first HSR corridor being planned between Mumbai and Ahmedabad.
- Nippon Koei is working with Dedicated Freight Corridor Corporation of India for the construction of Western Freight Corridor from Vadodara, Gujarat to JNPT, Maharashtra and from Rewari, Haryana to Dadri, Uttar Pradesh; and for procurement of electric locomotives.
$19.5 bn worth construction equipment shipped from Japan in 2016
$5 bn revenue expected from construction equipment in India by 2020
3rd India to become 3rd largest construction market by 2025
- India offers a diverse platform of 1.3 bn consumers to serve, being world’s 2nd largest producer of food grains, fruits and vegetables.
- With the recent visit of India’s Minister for Food Processing Industries to Japan in March 2017, India is planning to become the source destination for Japan in variety of food items such as seafood, cashew and sesame.
- Japanese food processing firm Ise Foods signed a MoU with the Ministry of Food Processing Industries in March 2018 with an investment commitment of more than USD 41 mn.
$33 bn expected investment inflow in the sector in India by 2020
$543 bn expected value of the industry in India by 2020
$184 bn value of Japanese food processing industry in 2015
- Japan is one of the world’s top 3 automobile manufacturing and exporting countries. Gross exports of motor vehicles in 2016 were estimated more than USD 132 bn in value or more than 4.6 mn units.
- India is the world’s 5th largest automaker, the largest tractor manufacturer, and 2nd largest two-wheeler market.
- Indian auto industry is expected to grow to USD 135 bn by 2020 and USD 300 bn by 2026 at a CAGR of 15%.
- Japanese car major, Nissan exports Indian-manufactured Datson Go+ to select markets including South Africa. Till 2016, Nissan had exported 700,000 cars to over 106 countries from the Indian manufacturing base.
- Toyota Kirloskar Motors and Suzuki Motor Corp have joined hands to manufacture small electric vehicles for the Indian market and are expected to launch the first vehicle by 2020.
89% of Japan’s total manufacturing is taken up by automotive sector
$300 bn expected value of India’s auto industry by 2026
$18 bn annual investment in R&D by Japanese automotive companies
Diplomatic ties between Japan and India were established in April 1952 when the Peace Treaty was signed between the two countries post World War-II.
60th anniversary of the signing of the Cultural Agreement between the two nations was celebrated in 2017.
Japan announced its Country Assistance Policy in 2016, providing Official Development Assistance (ODA) to build India’s critical infrastructure and address social and environmental issues resulting from rapid growth.
Special Strategic and Global Partnership between the two countries aims to build a deep and broad-based collaborations in areas like defence, power, biotechnology and security and connectivity in Indo-Pacific region.
Japan is the 3rd largest investor in the Indian economy with cumulative FDI inflows of USD 26.9 bn during 2000-17, contributing 7.5% to India’s total FDI inflows during the same period.
The imports to India from Japan stood at USD 9.8 mn in 2016, making it India’s 10th largest import partner. India’s exports to Japan stood at USD 3.8 mn in 2016, making it India’s 19th largest export partner.
The imports showed a growth of 107% in a span of 10 years, reaching USD 9.8 mn in 2016 from USD 4.7 mn in 2006. Key imports from Japan include machinery and transport equipment, chemicals and related products and iron and steel.
India’s exports to Japan grew from USD 2.8 mn in 2006 to USD 3.8 mn in 2016, growing at a rate of 36% in 10 years. Key exports to Japan include petroleum and related products, mineral fuels such as coal and coke, office and industrial machinery and leather goods.
While San, Sama or Sensei are commonly used honorifics in Japan; Shri or Ji are used in India. Both the nations have rich martial arts history - while Japan has Judo and Karate; India has Kalari and Silambam.
Indian Culture Centre in Tokyo was inaugurated in 2009, with aim to promote the concept of ‘Open Embassy’ and focus on cultural outreach with facilities for courses in Indian music, dance and yoga and for organizing exhibitions, film shows and workshops.
Indian god Lord Ganesha is worshipped in Japan as Kangiten, God of Conjugal Harmony, Child-Giving and Long Life. Ganesha’s other Japanese monikers include Shoten and Binayaka.
There are more than 2,000 restaurants in Japan serving Indian food. In the Meiji Era, British soldiers from India introduced curry in Japan. Now, Japanese chefs participate in “Curry Grand Prix” to exhibit skills at cooking the dish.