Japan Asks Companies to Relocate Bases from China to India, Offers Incentives
Japan stated that companies that relocate their bases from China to ASEAN countries will be given incentives. It further added India and Bangladesh to the list of relocation destinations. The move comes as an attempt towards reducing dependence on a particular region. Reportedly, the budget allocated for these incentives is 23.5 billion Yen. News site Nikkei has reported that this step will help countries to receive medical and electric components supply even during emergencies.