Gujarat emerges as pillar of India-Japan economic partnership

Gujarat emerges as pillar of India-Japan economic partnership

India-Japan trade has witnessed significant growth over the past 25 years, reaching 22.85 billion USD in FY 2023-24, up from 16.95 billion USD in 2019-20. Japan is now India’s fifth-largest investor, with cumulative FDI exceeding 41.91 billion USD since 2000. Gujarat, India’s western state, plays a pivotal role in this partnership thanks to its strong infrastructure, ports, and industrial hubs. The state leads in exports of engineering goods, chemicals, gems, marine products, textiles, and leather. Major Japanese companies like Suzuki, Panasonic, and Hitachi have invested in Gujarat’s Special Economic Zones and industrial corridors, further boosting ties. Experts highlight that Gujarat’s strategic location and proactive governance will continue to make it a key hub for Japanese investment and India’s global trade ambitions.

#IndiaJapanBiz #GujaratRising #TradeBoost #GlobalGrowth

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