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Detailed explanation-1: -National Investment and Infrastructure Fund (NIIFL) has signed a Memorandum of Understanding (MOU) with Japan Bank for International Cooperation (JBIC) to promote and enhance Japanese investments into India, said a company statement.

Detailed explanation-2: -Prime Bank recently launched Japan Desk, a one-stop solution centre, in order to facilitate cross-border business initiatives and investments between Japan and Bangladesh.

Detailed explanation-3: -Currently, over 1455 Japanese companies are operating in India. Key sectors include automobiles, Electronics System Design & Manufacturing (ESDM), Medical Devices, Consumer goods, Textiles, Food processing and Chemicals.

Detailed explanation-4: -Companies such as Daikin, Isuzu, Kobelco, Yamaha Music, Hitachi Automotive etc. are the marque Japanese investors which have set up manufacturing in these townships, the ministry said in a press release.

Detailed explanation-5: -Which bank has partnered with Japan’s JBIC to extend loans to Japanese automobile manufacturers in India? Notes: India’s largest lender State Bank of India (SBI) announced that it has signed a loan agreement of up to USD 1 billion with Japan Bank for International Cooperation (JBIC).