Japanese investment in the Indian IT and start-up ecosystem has grown fourfold since 2016, according to a report by the National Association of Software and Services Companies (NASSCOM), in association with Nomura Research Institute (NRI).
It estimated the investment is helping create 102,000 additional jobs.
Japanese investment reached US$ 9.2 billion, mostly by large investors like Softbank.
Fintech, healthcare and mobility are the top sectors drawing investment from multiple Japanese investors followed by e-commerce, enterprise, and real estate.
Japanese policymakers see India as a trustworthy partner for accelerating Japan’s digital transformation and began investing strongly in Indian tech start-ups since 2016.
Which raises the question for Australia – can India become a favoured investment location as Aussie companies strive for next level transformation?