Japan to spend over $500 million for Japanese companies to exit China, 87 companies lined up


Team Udayavani, Jul 20, 2020, 6:11 PM IST

According to a report by Japanese newspaper Nikkei Asian Review, as many as 87 companies have lined up to seek funds from the Japan government in order to move their manufacturing units out of China

Out of  87 companies, 57 will move back to Japan while the rest 30 will move to different South east Nations.

The report states that  57 companies moving to Japan are set to be incentivised with a total of $ 57.4 billion Yen (536 million) as a subsidy for moving their factories from China.

The remaining 30 will receive funds by the Japanese Government to shift their factories out of China to Southeast Asian nations

Apart from that, Japan government has set aside 243.5 billion Yen for the programme aimed at reducing the dependence on Chinese supply chains.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

Related Articles More

‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue

Canadian cop suspended for attending pro-Khalistan protest outside Hindu temple

US going to historically tight presidential election

Expect Canadian government to ensure justice, uphold rule of law: PM Modi

Khalistanis clash with people at Hindu temple in Canada, Trudeau says unacceptable

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Davanagere: Man murdered by relative for insurance money; 4 arrested within 24 hours

Heroin worth Rs 3.5 crore recovered in police raid in Delhi, 2 arrested

Govt clerk found dead in Tahsildar’s chamber, FIR filed against minister’s PA, 2 others

Treated Muslims like fuel for ‘lantern’: Prashant Kishor targets Lalu, asks upper castes to stay away from Nitish

MP Brijesh Chowta urges Kerala CM for strict action against attack on Edneer Swamiji’s vehicle

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.