JETRO Plan
- Japan External Trade Organization (JETRO) has recently announced that it would fund 10 Japanese companies.
- JETRO has made India and Bangladesh part of a larger subsidy programme, estimated at $230 million.
- This plan is unofficially aimed at helping Japanese companies in China to relocate to other countries.
- The package was earlier aimed for relocation of Japanese companies to mostly South-East Asian countries including Vietnam, Thailand and Myanmar, but now India and Bangladesh, too, have been added to the list.
- The recent plan includes Suzuki Motors and Olympus, to get into high-tech projects with Indian companies.
- Approximately $1 million was set aside for the projects already identified; it would be a part of investments in machinery, factory, etc.
