The friendship between India and Japan has a long history entrenched with strong cultural ties. Over the years, the two countries have created a partnership based on both principle and pragmatism, and common strategic and economic interests of the two countries. Japan is the 5th largest source of foreign direct investment in India. During FY 2018- 2019, the trade totaled to US$ 17.63 billion.


Punjab is a premier investment destination where companies from across the world are housed and continue to grow their operations every day. Punjab has a lot of unparalleled advantages to offer to new and existing investors in the States. These advantages range from the competitive labour and good labour relations, robust infrastructure and connectivity, excellent logistics infrastructure, uninterrupted power, land availability, political stability, to name a few.


Multiple Japanese manufacturers & establishments such as SML ISUZU, Kansai Nerolac, International Tractor & Yanmar, Max Speciality BOPP Films & Toppan are housed in the State of Punjab. Japan is the priority country for the Government of Punjab to promote Industrialization and Trade & Commerce.


Sumitomo Corp. holds over 50% stake in SML ISUZU, India’s leading makers of small buses and trucks. In September 2018, they invested INR 200cr in technology, product development and expanding production capacity to 25,000 units per shift from 15,000 units at its Nawanshahar plant in Punjab.

Kansai Nerolac Paints is a wholly owned subsidiary of Kansai Paint Company Ltd, Japan. They manufacture a diverse range of paints for industrial use and are the leaders in supply of HD Paints for the automobile segment. They operate a unit with a capacity of 52,800 kilo ltr per year located at Goindwal Sahib in Amritsar.

Yanmar Holding owns over 20% stake in International Tractors Limited (commonly known as Sonalika), world’s number 1 integrated tractor manufacturing plant. ITL has a presence in 120+ countries and is a trusted brand among more than one million farmers in both India and overseas. ITL is now manufacturing 300 thousand tractors annually.

Toppan Printing has a minority stake of 49% in in Max Specialty Films, India’s leading manufacturers of BOPP films including speciality packaging, labels, coating and thermal lamination films for the India and overseas markets. They have a manufacturing plant at Ropar which supports the manufacturing of packaging focused on environment friendly usage of plastic.

Japan’s Aichi Steel Corp acquired a 11.4% stake in the Ludhiana based Vardhman Special Steels Ltd. which will supply special steel components to Toyota’s Chennai plant for manufacturing Toyota automobiles.

New Swan Technologies has entered into a technology collaboration with Gunma Seiko for manufacturing of precision cold forging components for Automotive & General Industry.


The Progressive Punjab Investors Summit, 2019 was organized at the Indian School of Business, Mohali on December 5th and 6th by the Government of Punjab. The theme of the Summit was “Building Partnerships for Inclusive Growth: MSMEs in the Global Value Chain”.


His Excellency Mr. Satoshi Suzuki, the Ambassador of Japan to India gave the keynote address in the Keynote Session at the Summit. Moreover, a delegation from Japan visited Rajpura to get investors interested in setting up of a dedicated Japan Industrial Park.

A Japan Partner Country Session was also held on the second day of the Summit. The theme of the session was “Invest in the Best – Punjab an Opportunity for Punjab”. The broad contours of discussion included the investor friendly climate in Punjab which includes beneficial government policies, excellent connectivity and logistics infrastructure and exceptional facilitation by the Punjab Bureau of Investment Promotion.

Mr. Yasuyuki Murahashi

“Japanese companies consider India as the most promising investment destination from mid to long term perspective. Punjab has many positive factors. We organized this session, to promote Punjab to the Japanese companies here.”

Mr. Kazunori Ajiki

“We (Yanmar) are considering Punjab to be our hub to export to the global market. There are 20 Japanese expats working in Punjab at Sonalika and I would like to say thank you to Punjab for receiving our Japanese expats nicely, kindly and warmly.”

Mr. Yogi Taguchi

“There are a lot of things Punjab has to offer and it is contributing so much to manufacturing.”

Mr. Hiroshi Ota

“When we (SML ISUZU) decided to invest in Punjab, Punjab Government committed their support and executed their commitment. Punjab Government continuously helped us throughout and I would like to express my appreciation for the cordial support by the Punjab Government.”

Mr. Sachit Jain

“Japanese people look for high quality and trust. Trust is very important, and it takes time to build that trust. I was asking my partners why they chose us, and they said that, in Punjab, there is a hard-working culture, the work environment is very good, the Government is very conducive and there is an orientation towards change. My advice to Japanese companies is that to come out and start on your own is difficult, always look for a partner.”

Eiichi Seto
Director, SML ISUZU Ltd.

“We have never had any labour problem, have very good relationship with labour and have had no strike in the last 30 years. Government of Punjab is supporting us very much. It’s a nice place to live and work. Punjab have young people and young students and there is a good chance for many auto companies to come to Punjab.”



Mr. Gaurav Khanna

DGM (Investment Facilitation & Japan Desk)
Sector Officer (Automobile, EV, Industry 4.0)
Punjab Bureau of Investment Promotion
+91 9216955545

Mr. Vishnu Prasad Pandey

Senior Consultant
Sector Officer (Automobile, EV, Industry 4.0)
Punjab Bureau of Investment Promotion
+91 7999019079

Last Updated Date: 17-Feb-2020