INDUSLAW is a multi-speciality Indian law firm with over 50 partners and over 300 lawyers across four offices in Bengaluru, Delh...
Published On: 14/07/2022
Practice Area: Corporate & Commercial, Government & Regulatory
Authors:
Saurav Kumar
Swathi Sreenath
Ritvika Thakur
The article aims to highlight the steady expansion of the economic relations between India and Japan that has led to the development of Japanese Industrial Townships (“JITs”) to encourage investment by Japanese investors in India. This article attempts to lay down the context in which JITs have been developed in India, the incentives offered, the process of procuring land on lease in the JITs and the key approval and registration requirements for setting up a manufacturing unit in the JITs, to enable a prospective investor to determine the most viable site for investment and setting up a manufacturing unit, based on their requirements.
