Japanese Firms Toyoto-Tsusho And Sumida To Shift Production From China To India

Japanese Firms Toyoto-Tsusho And Sumida To Shift Production From China To India
Photo courtesy: Reddit

Two months after Japan, India and Australia decided to launch a Supply Chain Resilience Initiative to develop dependable sources of supply of raw materials, components etc.

In the Indo-Pacific Region, two Japanese firms – Toyota Tsusho, a trading arm of Toyota Group and component maker Sumida Corporation – are planning to shift manufacturing base from China to India.

The Japanese government is known to be providing financial assistance to help home grown companies diversify their production and supply base to be more resilient to global shocks such as the disruption caused by COVID-19 induced lockdown.

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Read more at: https://www.reddit.com/r/worldnews/comments/jp4goe/japanese_firms_toyototsusho_sumida_to_shift/

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  • 22 Jun 2021
  • WerIndia

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