Spire Research and Consulting commented on the attractiveness of the National Capital Region (NCR) to Japanese firms, and how it has evolved in this regard since 2011.
Gurgaon, Haryana, India., April 17, 2014 - (PressReleasePoint) -
India is now among the top investment destinations for Japanese companies. The National Capital Region (NCR) has stood out as a magnet for Japanese investment. Spire Research and Consulting commented on the attractiveness of the NCR region to Japanese firms, and how it has evolved in this regard since 2011.
The NCR region accounted for approximately 19% of India's total foreign direct investment in 2013. According to a study conducted by the Japan International Bank for Co-operation, Gurgaon (which is technically in Haryana state but is widely regarded by businessmen to be a part of “greater Delhi”) came in fourth when ranked in terms of ease of doing business. 29% of all Japanese business establishments in India were found to be located within the NCR region, versus 10% in Mumbai, 13% in Bangalore and 16% in Chennai as of 2012.
Despite the attractiveness of India as an investment destination, labour problems have persisted. Labor unions have demanded the abolition of contractual recruitment and its replacement with permanent employment status. There have also been calls for improvements in working conditions for those under contractual employment.
The NCR will probably remain the most popular destination for Japanese companies in India in 2014. Whether it retains the top spot in the mid and long-term depends on how the post-election government decides to go about the business of attracting and retaining foreign direct investment into India.
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