India rises as destination for Japanese business growth

80% of companies plan to expand operations there in 1-2 years

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Sumitomo Realty & Development is building on a site in central Mumbai. This project is part of a rush of investments in India by Japanese firms. (Photo by Hayate Koike)

SHIGERU SENO, Nikkei senior staff writer

TOKYO -- India has become one of the most promising markets for Japanese companies, business surveys show, with the country's rise reflecting the waning appeal of China as an investment destination even as it presents a different set of risks.

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