India is a "young country," where more than half of the population is under 25 years old. The country is drawing attention of companies around the world, mainly the manufacturers, because of its abundant young labor force and its appeal as a growth market. The Indian Government is also implementing a policy to expand the labor-intensive manufacturing business to increase the domestic employment, having eased foreign investment regulations in 1991 and now actively receiving foreign investment. Currently, India approves 100% capital investments in most manufacturing businesses. In October 2011, the National Manufacturing Policy was approved, under which the special economic zones were established and manufacturing companies expanding business to this zone are given preferential treatments, including infrastructure and taxes preferential treatment and more relaxed environment and employment regulations. However, Japan's investments to India are still falling behind that to China in terms of total investment amount and the number of outlets established in India.
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