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:
- United Nations IDO-ITPO, Tokyo;
- Indian Embassy, Tokyo; The Indian Ambassador was the key note speaker;
- Invest India, Government of India; and
- Government of Tamil Nadu.
The following Sessions were part of the Webinar:
- 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 Government of Tamil Nadu –
- Opening Remarks and Exclusive ‘Japan-India Investment Cell’ of IJCCI – Ms. Suguna Ramamoorthy, Secretary General, Indo-Japan Chamber of Commerce and Industry
- 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
- 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
- Foreign Direct Investment Policy and Strategies – Mr. R. Sridhar, Partner-Tax, Grant Thornton India LLP
- 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
- 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.
He holds a Bachelor’s and Master’s Degree in Corporate Secretaryship and a Degree in Law. He is a Fellow member of the Institute of Company Secretaries of India and an Associate Member of the Corporate Governance Institute, UK and Ireland. He has also completed a program from ISB on ‘Value Creation through Mergers and Acquisitions.
Mr P Muthusamy is an Indian Revenue Service (IRS) officer with an outstanding career of 30+ years of experience and expertise in all niche areas of Indirect Taxes covering a wide spectrum including GST, Customs, GATT Valuation, Central Excise and Foreign Trade.
During his judicial role, he heard and decided a large number of cases, including some of the most sensitive, complicated, and high-stake matters on insolvency and bankruptcy, including many cases on resolution plans, shareholder disputes and Schemes of Amalgamation, De-mergers, restructuring etc.,
A K Mylsamy is the Founder, Managing Partner and the anchor of the firm. He holds a Degree in law and a Degree in Literature. He is enrolled with the Bar Council of Tamil Nadu.
Mr. K Rajendran is a former Indian Revenue Service (IRS) officer with a distinguished service of 35 years in the Indirect Taxation Department with rich experience and expertise in the fields of Customs, Central Excise, Service Tax and GST. He possesses Master’s Degree in English literature. Prior to joining the Department, he served for the All India Radio, Coimbatore for a period of about 4 years.
An MBA from the Indian Institute of Management, Calcutta, and an M.Sc. in Tourism Management from the Scottish Hotel School, UK, Ashok Anantram was one fo the earliest IIM graduates to enter the Indian hospitality industry. He joined India Tourism Development Corporation (ITDC) in 1970 and after a brief stint proceeded to the UK on a scholarship. On his return to India, he joined ITC Hotels Limited in 1975. Over the 30 years in this Organisation, he held senior leadership positions in Sales & Marketing and was its Vice President – Sales & Marketing. He was closely involved in decision making at the corporate level and saw the chain grow from a single hotel in 1975 to a very large multi-brand professional hospitality group.
Mani holds a Bachelor Degree in Science and P.G. Diploma in Journalism and Public Relations. He has a rich and varied experience of over 4 decades in Banking, Finance, Hospitality and freelance Journalism. He began his career with Andhra Bank and had the benefit of several training programs in Banking.
Mr. Kailash Chandra Kala joined the Department of Revenue, Ministry of Finance as ‘Customs Appraiser’ at Mumbai in the year 1993.
Justice M. Jaichandren hails from an illustrious family of lawyers, academics and politicians. Justice Jaichandren majored in criminology and then qualified as a lawyer by securing a gold medal. He successfully practiced in the Madras High Court and appeared in several civil, criminal, consumer, labour, administrative and debt recovery tribunals. He held office as an Advocate for the Government (Writs Side) in Chennai and was on the panel of several government organizations as senior counsel. His true passion lay in practicing Constitutional laws with focus on writs in the Madras High Court. He was appointed Judge, High Court of Madras in December 2005 and retired in February 2017.
S Balasubramanian is a Commerce and Law Graduate. He is a member of the Delhi Bar Council, an associate Member of the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and Management Accountants of India.