Japan has been a mainstay in the global trade scenario, for over 70 years. Japan is considered as one of the fastest growing economic economies in the world today. The country’s economy is based on services sectors like tourism, finance, information technology, pharmaceuticals, and others. Each of these sectors contributes to the country’s robust growth, which makes the Japanese economy to grow at an amazing pace.
Now that the global economy is facing some challenges, Japan is trying hard to boost its economy. And one way it is doing this is by ensuring that it maximizes its use of its resource – capital. By investing in other countries around the world, it not only helps maintain Japan’s current position in the global economy, but also opens new avenues of opportunity for itself. One of these avenues of opportunity is its ability to engage in international trade and increase its own share in the global export market vietproud. This is how Japan has been able to expand its range of offerings in industries ranging from automobiles to electronics to garments – to name just a few.
Because of the great potential of the Japanese labour export, many companies are now planning to expand their operations to Japan. And although there is a great need for manpower in Japan, the Japanese authorities have cracked down hard on illegal workers entering the country through various means – mostly by setting up what is called the “point system”. These measures have made finding reliable manpower a very difficult task. As a result, companies that require high numbers of highly skilled manpower are either taking a loss by having to hire Filipino or Chinese workers, or by having to pay a lot more than the market price for these services.
In response to this problem, the Japanese Government has taken an initiative to enable businesses in Japan to find cost-effective solutions by outsourcing their labour needs to low-cost countries like India. The idea behind this initiative is to help Japanese businesses develop and expand while they cut labour cost. By outsourcing to low-cost countries like India, Japan not only helps increase the number of jobs it creates, but also reduces overall costs associated with running that particular business.
One of the most important advantages of using Indian contractors is the quality of the manpower. The cost savings from hiring them greatly offsets the higher salaries one might expect if working in one of Japan’s top-notch cities. Additionally, there are no stringent work hours. Most importantly, the quality of the work is excellent, with projects ranging from office to a laboratory to construction projects meeting all international standards.
The use of Indian contractors has seen several positive outcomes in the Japanese economy. Not only do they create jobs for the thousands of people who lose their jobs in the country due to the recession, but they also improve the standard of living for Japanese people. This initiative is not just beneficial for the Japanese companies that outsource their labour to India, but also to the thousands of ordinary citizens who benefit from them as well. With time, this trend is likely to spread all over Japan.