According to a survey on “Overseas Business Operations by Japanese Manufacturing Companies” (November 2004) carried out by JBIC, India emerged as the third most promising investment destination after China and Thailand as against 5th in the similar survey in 2003 and 11th in 2000. Japan’s cooperation and participation in the accelerated economic development of India is deeply appreciated.
Japanese assistance has been particularly helpful in the physical infrastructure sectors of power, urban transportation, urban water supply and sanitation, water management, seaports, tourism and also in the environment and forests sectors. Japan has been extending bilateral loans and grants assistance to India since 1958 and Japan is the largest bilateral official development assistance (ODA) partner of India.