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INDIA: Investment Opportunities due to Global Business Realignment

A.K. Mylsamy & Associates LLP and Indo-Japan Chamber of Commerce and Industry, supported by The United Nations Industrial Development Organisation-ITPO, Tokyo presents an International Webinar on

INDIA: Investment Opportunities due to Global Business Realignment

Over the years, India has become one of most preferred choice of destination for investors. Many factors such as the country’s very large population, increasingly affluent middle class, growing consumer market, a very strong ecosystems that encourages start-ups, government support and many successful investment stories have all been responsible for increasing inflow of investments into the Country.  

Indian start-up systems is one of the top three start-up ecosystem in the world.  Leading the investment race into the Indian start-up ecosystem are the Japanese investors with $12 Bn of the $51 Bn that India received between 2014 and 2019. As many as 2773 unique start-ups have been funded by Japanese Investors. (Source inc42.com_Nov2019) 

Besides investing in various Indian start-ups, Japanese have also been establishing a very strong trading and manufacturing presence in the India. The cumulative FDI inflows from Japan into India stood at $30.3 Bn during 2000-09 contributing 7.2% of the total FDI inflows. Japan is now the 3rd largest investor in the Indian economy. 

The number of Japanese Companies in India stood at 1441 as of October 2018. There has been a steady increase in trade and commerce between the two countries growing year after year since 1952 when diplomatic relationship between the two countries was established after India’s Independence. 

Post Covid-19, countries that depended on China as the major supply-chain, started looking at alternative locations to shift their factories to address the risks associated with over concentration in China. Japanese Prime Minister Shinzo Abe announced a new program with $2.2 Bn to shift factories of Japanese supply chains away from Japan to other countries. While 91% of the money will go towards shifting of Japanese factories back to Japan, the balance 9% or $ 200 million will be available to induce Japanese businesses to locate in other partner countries including India.

There are also thousands of mid-size Japanese companies with good technologies that are currently not being marketed effectively worldwide. Combined with Indian manufacturing facilities, these companies can be the foundation of a new growth opportunity in Indo-Japanese commercial relations.

The enactment of the Insolvency and Bankruptcy Code 2016 has opened a huge window of opportunity for Japanese companies to enter the Indian industrial sector through acquisition of existing viable business enterprises through the insolvency and resolution process at great valuations.

It is against this background that AK Mylsamy and Associates LLP and the Indo-Japan Chamber of Commerce and Industry hosted an International Webinar for Japanese Investors on ‘India: Investment opportunities due to Global Business Realignment’ on the 5th of June, 2020.

This was a mega initiative at an international level for a Nobel cause to showcase India as an Investment destination and attract foreign investments into our Country to boost our economy.

The Webinar was supported by:

  1. United Nations IDO-ITPO, Tokyo;
  2. Indian Embassy, Tokyo; The Indian Ambassador was the key note speaker; 
  3. Invest India, Government of India; and
  4. Government of Tamil Nadu.

The following Sessions were part of the Webinar:

  1. India as an Investment Destination & Recent Initiatives by the Government of India – Ms. Sai Sudha, Assistant Vice-President, Invest India – Government of India 
  2. Advantage Tamil Nadu: Recent initiatives by Government of Tamil Nadu –
  3. Opening Remarks and Exclusive ‘Japan-India Investment Cell’ of IJCCI – Ms. Suguna Ramamoorthy, Secretary General, Indo-Japan Chamber of Commerce and Industry
  4. Key Note Address – His Excellency, Mr. Sanjay Kumar Verma, Ambassador of India to Japan – Dr. Aneesh Sekhar -IAS, Executive Director of Guidance Bureau, Government of Tamil Nadu
  5. Creating Value through Acquisition of Stressed Assets in India through Insolvency Law – Mr. K K Balu, Former Vice-Chairman, Company Law Board, Corporate Attorney & Senior Advisor, A.K. Mylsamy & Associates LLP, India
  6. Foreign Direct Investment Policy and Strategies – Mr. R. Sridhar, Partner-Tax, Grant Thornton India LLP
  7. Income Tax perspective on Doing Business in India & recent developments – Mr. S. Ramanujam, Chartered Accountant, Senior Advisor at A.K. Mylsamy and Associates LLP, India
  8. Closing Remarks – Mr. Yuko Yasunaga, Head-United Nations Industrial Development Organization-ITPO, Tokyo

Live Webinar (recorded) 

Event Schedule

Opening Remarks & Exclusive ‘Japan-India Investment Cell’ of IJCCI

Ms. Suguna Ramamoorthy

Secretary General, Indo Japan Chamber of Commerce India and Industry.

Key Note Address

His Excellency, Mr. Sanjay Kumar Verma

Ambassador of India to Japan.

Introduction of Speakers

Mr. P.S. Suman – Moderator of Program

Corporate Attorney and Partner, A.K. Mylsamy and Associates LLP, Attorneys-At-law, India.

India as an Investment Destination & Recent Initiatives by the Government of India

Ms. Sai Sudha

Assistant Vice-President, Invest India-Government of India.

Advantage Tamil Nadu: Recent initiatives by the Government of Tamil Nadu

Mr. N. Muruganandam

Principal Secretary-Industries Department, Government of Tamil Nadu.

Creating Value through Acquisition of Stressed Assets in India under Insolvency Law

Mr. K.K. Balu

Former Vice-Chairman, Company Law Board, Corporate Attorney and Senior Advisor, A.K. Mylsamy and Associates LLP, Attorneys-At-law, India.

Foreign Direct Investment Policy & Strategies

Mr. R. Sridhar

Partner-Tax, Grant Thornton India LLP, India.

Income Tax perspective on Doing Business in India & recent developments

Mr. S. Ramanujam

Chartered Accountant, Senior Advisor at A.K. Mylsamy and Associates LLP, Attorneys-At-law, India.

Closing Remarks

Mr. Yuko Yasunaga

Head-United Nations Industrial Development Organisation – ITPO, Tokyo.

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