１. Accounting (Source : “Keieizaimu Magazine”)
The number of Japanese enterprises entering Indian market has been increasing and became a total of 672 companies in January 2011. This is 2.7 times larger than that of five years ago (247 companies in January 2006) and shows rapid increase in these five years.
Seen by industry types, manufacturers (i.e. machinery, electrical equipment, automobile and automobile parts) are the most of them, 382 companies (56.8% of 672 companies).
On February 16th, 2011, Japan and India concluded an Economic Partnership Agreement (EPA). By this agreement, future expansion is expected by phased reduction or abolition of customs duties and relaxation of regulations on retail industries entering the market.
No topics in this issue for Taxation. However, there is a possibility that the 2011 Tax Reform does not pass the Diet of Japan due to the recent major earthquake.
３. This Week’s Words of Wisdom (Source: NHK Gift “The World of Famous E-quotes”)
“It must never be forgotten, I believe, that acts of courage always touch people’s heart.”
(Tadao Ando, Japanese architect)
When this mail magazine is issued, we may not have consequences of the Fukushima nuclear power plant problems.
Self-sacrificing actions taken by the staff of Fire and Disaster Management Agency, Self-Defense Forces, Tokyo Electric Power Company and related workers on-site, who take risks of radiation poisoning exactly prove this quote.