Total of 1455 Japanese companies operating in India till Oct 2020: JETRO, Japan Embassy

NEW DELHI: As per the updated list released by the Embassy and the Consulates General of Japan and Japan External Trade Organisation (JETRO) in India, the total number of Japanese companies registered in India till October 2020 has been recorded at 1,455, as compared to 1,454 in 2019.

The number was 1441 in the year 2018, an increase of 72 companies from 1,369 the previous year in 2017.

But the increase in the total number of registrations of Japanese companies from 2019 to 2020 was recorded at one only. The year 2020 was COVID-19 pandemic-hit year that witnessed stalled business activity world-over including India.

As per the updated list, the total number of Japanese business establishments in India, as of October 2020, is 4,948. It has decreased by 74 (1.5% decline) as compared to 5,022 in 2019.

The Japanese business establishment could be a liaison Office/branch office etc. of a Japanese company in India (as a foreign entity). It could be an Indian subsidiary (Wholly Owned/ Joint Venture) of a Japanese company, in the form of Head Office, Manufacturing Unit, or Branch Office/ Business Office, etc., and also the business enterprise founded in India by Japanese national such as restaurant, spa, etc.

However, franchisees or dealers are not counted under this category. 3. Business Enterprise founded in India by Japanese national(s)

As per the list released jointly by the JETRO and Japan Embassy in India, while West Bengal, Haryana, and Maharashtra exhibited slight increases in the numbers of Japanese companies, Delhi exhibited a slight decrease.

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While there was an increase in the number of companies in such sectors as information and communications as well as manufacturing, lodging industry, and restaurant sectors exhibited decreases.

The manufacturing sector accounts for half of the total Japanese companies and more than a third of the Japanese business establishments in India. The number of establishments decreased due to the closure of offices, corporate restructuring, change of ownership, etc.