News Snapshot:
New Delhi: In one other blow to China, Japan has added India, Bangladesh to its relocation subsidiary, ensuing which Japanese producers will now be eligible for subsidies in the event that they shift manufacturing out of China to India or Bangladesh. Japan, via this growth program goals to diversifying the nation’s provide chains. The Ministry of Economic system, Commerce and Trade (METI) additionally supplies subsidies to Japanese producers that shift their manufacturing models from China to the opposite ASEAN nations. It has been learnt that Japan’s supplementary funds for 2020 fiscal has earmarked 23.5 billion yen for firms that transfer...
