Firmly established as one of the most sought-after manufacturing zones in India, Sri City is home to some of the biggest multinationals and household names. A true multi-product park, industries in Sri City produce an array of products from mass consumer goods to niche products. Besides the lucrative and attractive policies offered by the government, Sri City’s infrastructure- both industrial and social along with amenities which are in comparison with the best in the world, are key drivers in attracting industries from across the globe. Today, 220 companies from 30 countries call Sri City home, wherein, Japanese brands with 30 companies form a vast majority among foreign entities.
The Business City is the 2nd largest Japanese Industrial Township in India.
Sri City's Ascent in India’s Japanese Business Landscape
The exclusive partnership that India and Japan share has resulted in the development of Japanese Industrial Townships. These townships, of which there are 12, foster economic growth through industrial collaboration where Japanese companies establish their manufacturing operations, employ the youth of the region and deliver skill development. In turn, India offers a large talent pool, business incentives and the potential to grow their companies to greater heights.
Sri City: The Most Preferred Destination For Leading Japanese Companies Across Sectors
Sri City’s Infrastructure, strategic location, sustainable development, talent availability, and other factors make it conducive to growth. Its proximity to Chennai has fueled the establishment of Japanese manufacturers in the automotive component sector, besides also having India’s only manufacturing facility of Isuzu. Furthermore, the city is home to Unicharm, an FMCG powerhouse, various engineering firms, including THK's only facility in India, and several electronics businesses. In this burgeoning city are Daikin, Panasonic, Miyama Electricals, among others.
An increasing number of Japanese expats have driven the development of Japanese restaurants, hotels, and other Japanese-centric businesses in the region. Japanese companies have invested over USD 2.5 billion in Sri City and employ nearly 20,000 people.
Sri City is poised for further growth and initiatives such as the Japan-India Institute for Manufacturing (JIM), facilitating skill development among local youth greatly aid this helping nurture talent and foster long term collaboration. Sri City has cultivated a deep relationship in the Japanese industrial and business space and is recognized as a destination ideal for investments and growth. Aspects that promise brighter tomorrows and thereby the propulsion of India’s ‘Make in India’ vision.