'Japan to shift units from India to Pakistan': Ambassador Hiroshi
Written by Joe Klein with reports from Amardeep Singh in Delhi, Srinivas Gopal from Lahore, and Makiko Suzaki from Tokyo.The Bharti Unions are a serious impediment to manufacturing in India. Even Tata had to face major issues and he had to move his plants to different states.
"A manager was killed in a riot at Suzuki's Indian subsidiary. Some say the caste system played a part, but discontent stemming from the recession and inflation may have also been a factor." (Business Nikki)
Now Japanese firms wanting to safeguard their chances of success are in the process of moving their plants to Pakistan. This was stated by the Japanese Ambassador to Pakistan Hiroshi on Thursday said that many big Japanese investors are seriously planning to shift their units to Pakistan from India due to strong workers unions culture in India.
Ambassador Hiroshi was speaking at the Lahore Chamber of Commerce and Industry (LCCI). Hiroshi said that the business environment in Pakistan is far better and it is a safer place as far as working conditions are concerned. He said that the economy and infrastructure development are the priority areas and Japan government is focusing on them.
He said that "Japanese businessmen are being motivated for establishing business with their counterparts in Pakistan." He said "Japan will continue to provide technical assistance to Pakistan as we believe that this country has a great potential for the future."
There are spectacular development and investment opportunities in various fields as few countries are gifted with natural resources, the Ambassador said.
"Pakistan is facing difficult challenges which will be over soon," adding that he will continue to strive to deepen mutual understanding through economic, educational, cultural and political exchanges.
Source: http://goodnews.pk/2012/12/13/japan-to-shift-units-from-india-to-pakistan-ambassador-hiroshi/
News details: http://tribune.com.pk/story/469958/capital-influx-japanese-investors-may-shift-from-india-to-pakistan/
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